First, some definitions:
optimize
to make as perfect, effective, or functional as possible
efficient
(of a system or machine) achieving maximum productivity with minimum wasted effort or expense
So, to optimize means to make something as good as possible in certain regard. In simpler words, it means to improve something as much as possible in some way. On the other hand, to be efficient means to do something in a way that maximizes the benefits (the good, the positive) while minimizing the costs (the bad, the negative.)
Now, what I want to ask is:
1. Can optimization and effiency be disadvantageous? Are there times when it's better not to optimize and not to be efficient?
2. Are they not by definition advantageous?
Why should someone spend 10 years in order to make some product X when they can spend 1 year and get the same result?
These questions have been prompted by my reading of Taleb. Here's what I believe to be an excerpt from his latest book Skin in the Game.
Why is that so?
optimize
to make as perfect, effective, or functional as possible
efficient
(of a system or machine) achieving maximum productivity with minimum wasted effort or expense
So, to optimize means to make something as good as possible in certain regard. In simpler words, it means to improve something as much as possible in some way. On the other hand, to be efficient means to do something in a way that maximizes the benefits (the good, the positive) while minimizing the costs (the bad, the negative.)
Now, what I want to ask is:
1. Can optimization and effiency be disadvantageous? Are there times when it's better not to optimize and not to be efficient?
2. Are they not by definition advantageous?
Why should someone spend 10 years in order to make some product X when they can spend 1 year and get the same result?
These questions have been prompted by my reading of Taleb. Here's what I believe to be an excerpt from his latest book Skin in the Game.
- Spoiler:
The villainous takes the short road, virtue the longer one. In other words, cutting corners is dishonest.
Why is that so?