Vaniver comments on Rationality Quotes August 2013 - Less Wrong

7 Post author: Vaniver 02 August 2013 08:59PM

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Comment author: Vaniver 02 August 2013 08:23:14PM 4 points [-]

I see it as more of a "rather than sorting projects by revenue, make sure to sort them by profit," combined with "in cases where revenue is concave and cost linear, which happen frequently, the lowest cost project is probably going to be the highest profit."

Comment author: dspeyer 04 August 2013 09:24:20PM 4 points [-]

That plus "beware inflated revenue estimates, especially for have-it-all type plans". Cost estimates are often much more accurate.