Is There a Trade Off Between Two Desirable Characteristics?

There are lots of times when you don't see a trade off, because you have two characteristics, both of which are sub optimal. And so it looks like there's no trade off between them. If you push it far enough, you'll eventually reach the efficient frontier where you do have to choose. But if you're not near the efficient frontier, there's no reason to treat it as a trade off. Is that? Yes.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.