Discussion about this post

User's avatar
Alexander Kurz's avatar

What happened to the "Read in Browser" link that I used to be able to click in the newsletter I receive via email? (I am not using the app.)

Expand full comment
Richard Careaga's avatar

It can take a while for a general to get cashiers for overestimating the enemy. Like McClellan. But a commander can get away with it by quickly moving to victory. Like Schwartzkoff and the not-so-elite Iraqi Republican Guards. Underestimating the enemy is a shorter path.

Herbert Simon, of “bounded rationality” fame, argues

“in both organizations and markets, the bounds on human rationality are addressed by arranging decisions so that the steps in decision making can depend largely on information that is locally available to individuals”

Otherwise, paralysis by analysis ensues.

Expand full comment

No posts