Vaniver comments on Rationality Quotes February 2013 - Less Wrong

2 Post author: arundelo 05 February 2013 10:20PM

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Comment author: Qiaochu_Yuan 06 February 2013 11:36:16PM 5 points [-]

You can see this reflected in a lot of cases because the gains to an advisor often don't scale anywhere near as fast as the gains to society or a firm.

Name three?

Comment author: Vaniver 06 February 2013 11:44:29PM 7 points [-]

The success of Market-Based Management / Koch Industries appears to be due at least in part to their focus on NPV at the managerial level. You get stories like (from memory, and thus subject to fuzz) the manager of a refining plant selling the land the plant was on to a casino which was moving to the area, which he was rewarded for doing because the land the plant was on was more valuable to the casino than the company, even after factoring in the time lost because the plant was shut down and relocated. The corporate culture (and pay incentive structure) rewarded that sort of lateral use of resources, whereas a culture which compartmentalized people and departments would have balked at the lost time and disruption.