A bad plan is better than no plan: A theoretical justification of an empirical observation

© Springer International Publishing AG 2018. In his 2014 book “Zero to One”, a software mogul Peter Thiel lists the lessons he learned from his business practice. Most of these lessons make intuitive sense, with one exception – his observation that “a bad plan is better than no plan” seems to be cou...

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Main Authors: Songsak Sriboonchitta, Vladik Kreinovich
格式: Book Series
出版: 2018
在線閱讀:https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037840125&origin=inward
http://cmuir.cmu.ac.th/jspui/handle/6653943832/43919
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機構: Chiang Mai University
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總結:© Springer International Publishing AG 2018. In his 2014 book “Zero to One”, a software mogul Peter Thiel lists the lessons he learned from his business practice. Most of these lessons make intuitive sense, with one exception – his observation that “a bad plan is better than no plan” seems to be counterintuitive. In this paper, we provide a possible theoretical explanation for this somewhat counterintuitive empirical observation.