Tag

decision making

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A committee approving a ten million pound reactor in two and a half minutes then arguing for forty-five about a bicycle shed, with Parkinson's 1957 observation that we comment where we feel competent

Corporate LifeOct 3, 2026

The £350 Bicycle Shed

corporate-life meetings parkinsons-law

Concorde's per-flight economics — $100,000 revenue against $200,000 operating cost — and the sunk cost fallacy named after it, read as grief avoidance rather than bad arithmetic

EconomicsSep 9, 2026

The Plane The Fallacy Is Named After

economics sunk-cost-fallacy concorde

The optimal stopping problem — options arriving one at a time and gone once passed — and the 37% rule: observe the first 37% choosing nothing, then take the first option better than all of them

MathematicsSep 7, 2026

Certainty Arrives After The Gate Closes

mathematics optimal-stopping decision-making