Bundle_Gerbe comments on What are the most common and important trade-offs that decision makers face? - Less Wrong

10 Post author: Andy_McKenzie 03 November 2014 05:03AM

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Comment author: Bundle_Gerbe 05 November 2014 10:35:05AM 2 points [-]

How about:

Specialization of Labor vs. Transaction/Communication costs: a trade off between having a task split between multiple people/organizations vs. done by a single person. Generalism vs.Specialization might be a more succinct way to put it.

Also, another pair that has a close connection is 3 and 7. Exploration is flexible strategy, since it leaves open resources to exploit better opportunities that turn up, while exploitation gains in commitment.

Comment author: MaximumLiberty 06 November 2014 07:51:31PM 1 point [-]

I was thinking build vs buy or I source vs outsource being much like some of the first point.