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Gavin comments on What are the most common and important trade-offs that decision makers face? - Less Wrong Discussion
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The most standard business tradeoff is Cheap vs Fast vs Good, which typically you're only supposed to be able to get two of.
Yeah I find these three pronged trade-offs fairly interesting. I think it's wrong to say "choose two"; for example, you could always choose to be somewhere in the middle if you consider the space to be a triangle.
Do you know of the word for a three pronged trade-off?
Trilemma maybe?
But in a trilemma you can only get one, not two, right?