A personal goal of mine is to get a basic understanding of every major intellectual area: physics, philosophy, history, and so on. I thought I’d share a little bit about my motivation, the feasibility of achieving it and how well I’m making progress. The first difficulty in learning every subject is, what counts as a […]
How Hard Should You Work?
Last week, I shared the idea of a “productive frontier.” When you’re below the frontier, you can usually get more done simply by optimizing your systems. Cut out the waste and be more productive. When you’re at the frontier, getting more done comes at the expense of other things—like your time off. One wrinkle I […]
The Productivity Frontier: Can You Get More Done Without Making Sacrifices?
Pareto efficiency is a concept everyone should understand. Named after Italian economist Vilfredo Pareto, the idea refers to situations where you can (or can’t) improve something without trade-offs. Consider designing a car where you care about speed and safety. You have one design that’s fast but dangerous, another that is slow and safe, and a […]
Smarter People Take More Risks
Recently I read Bill Chen and Jerrod Ankenman’s The Mathematics of Poker. Using sophisticated game theory, the duo analyze poker setups to figure out the optimal betting strategy. One thing that jumped out immediately was simply how aggressive the correct betting strategy can be. There are common setups where it makes sense to go all-in, […]