3min chapter

People I (Mostly) Admire cover image

37. Sendhil Mullainathan Thinks Messing Around Is the Best Use of Your Time

People I (Mostly) Admire

CHAPTER

The Biggest Obstacle Is That You Don't Know the Answer

In complex settings like a business environment i think it's better for most of the people in the firm that nobody has any idea whether their decisions paid off or not. In order to run an experiment you have to admit up front that you don't know the answer. Even though we spend a hundred million dollars a year in advertising i have no idea if it works to admit that, he says.

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