In the mind of an engineer In the technology world that I live and breathe there is the strong belief that an optimal solution will always be chosen if it is possible. In most problems there is some sort of trade-off that has to be done. But if through analysis it is concluded that one of the solutions is actually better in all respects, then it follows to reason that this should be followed. My argument to you is that this is not the case. Optimal solutions are not always preferred. The illusion of meritocracy But wait a second - doesn't basic economic theory tells us that decisions are made in terms of risk vs reward? In other words, prudent people always compare expected profits versus expected risks and if the outcome is positive, they go ahead. Well, first of all, people are not (always) prudent. But second of all, this model also assumes people make decisions independent of each other. Actual reality is much messier. Tradition affects our judgement and hierarchy warps our wor...
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