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Agility | Incentives | Opinion
Value of Competence
If competence shortens learning, then its value is proportional to the cost of learning, that is, of iterations that would have been needed to achieve the effects of competence, but without having access to it.
When (if ever) Is a Claim Objective?
“Objective”, as in, for example, “what I’m saying is objective”, or “that statement is objective”, or “we need objective criteria when making these decisions”, is a complicated term. It takes a lot of effort to make sure it is understood as intended (or closely enough). It is therefore a costly word to use. Why is…
Choice in Absence of Utility and Probability Estimates
In expected utility models, utility quantifies preferences, probability quantifies uncertainty. Sounds simple, elegant, but tends to be expensive. What if options can be identified, but there is no information about preferences or uncertainty in a format that can be translated into, respectively, utility and probability? What is an alternative decision process, which is still structured…
Nurtured Choice
What can you do to influence someone’s decision, if you cannot give them advice? In short, a possible approach is to take actions that satisfy two conditions: Any communication that the action may result in, cannot be interpreted as advice by the decision maker. A simple case is when any information that the action leads…