Less Wrong is a community blog devoted to refining the art of human rationality. Please visit our About page for more information.

novalis comments on Bias in capital project decision making - Less Wrong

40 Post author: jsalvatier 26 May 2011 06:06PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (23)

You are viewing a single comment's thread. Show more comments above.

Comment author: novalis 27 May 2011 02:35:09PM 1 point [-]

In this case, they could simply borrow more money.

Comment author: MixedNuts 27 May 2011 02:41:25PM 1 point [-]

There are sharper limits than you'd expect on how fast companies can grow. (Relevant: Ben & Jerry's vs Amazon: fast land grabs kill corporate culture, among other things; also that Robin Hanson(?) post I can't find about companies wanting to be bigger than they should.) You can borrow money, hiring is a bit harder, and assimilating new hires into your company just has to be slow, as well as restructuring management when everything gets bigger and you do more in parallel.