economic payoffs in a quite short term way.
There are different payoffs .
And the payoffs in this game are the convictions that they get depending on what they do.
so disjointed long-term payoffs didn't result so they they were more short-term
You see the payoffs in medicine, every discovery, every new medicine, the way we manage so many diseases, that's entirely the fruit of the last 50 years
You see the payoffs in medicine, every discovery, every new medicine, the way we manage so many diseases, that's entirely the fruit of the last 50 years
So we're talking about the payoffs of doing 18-wheelers.
These are decisions that have variable payoffs and we call them lotteries, and in the standard economic analysis, you have these different lotteries
the willpower challenge that can have huge payoffs down the road making it easier to do what it really is deep down that we want even when it's sometimes difficult, or part
think of as the big payoffs
And one of the biggest payoffs beyond collaboration is it ultimately saves you time because as you implied, if you just try to
Developing talent internally can have huge payoffs .
It doesn't really start to have practical payoffs for many, many decades down the road, but that's the neat thing about what Bell Labs enabled
We have to try to balance risk against potential payoffs .
One is that we don't always geometrically discount our payoffs .
Obviously, assumptions about the players' payoffs and so forth.
So you play a certain strategy some percentage of the time depending on the payoffs .
So the bottom line is for millions of years there were some reproductive payoffs not only to forming a pair bond but also to adultery leaving each one of us with a tremendous drive
Which means that it can be difficult making deals that have long-term payoffs .
- It's very important to try to understand which game you're playing and what are the payoffs going to be in the long run.
falls on the folks that actually own that body of work, and I am seeing the payoffs of that model.
Or I'm going to work on my golf game, and that's going to have payoffs .
We've got these four economic decisions that are lotteries in the sense that they have variable payoffs .
on behalf of our students, we take risks that have big payoffs .
who were at uh MIT who uh to go through a mock negotiation uh but it had real economic payoffs including their grade
So the bottom line is for millions of years, there were some reproductive payoffs , not only to forming a pair bond, but also to adultery, leaving each one of us with a tremendous drive
framework within which we live and my dilemma is that I don't really believe in any Divine policeman uh or any afterlife payoffs but I do believe that
undirected research you know it's just it's just what you have to do if you want the really big payoffs and uh this drives people crazy because they want
it's always been very um hard so you you enjoy the hard work and you enjoy the payoffs and she makes it fun and um you know my dad is just an incredibly
And if it helps me produce a better bill that I sent to Aetna United, that's one of the payoffs .
When in reality, even more mundane tasks, such as investing in tools and investing in your own iteration speed, can be extremely high leverage and have huge payoffs .
Love the Dresden Files, the arc, the little bits that you drop here and there and the payoffs later on and those sorts of things.
Not as much as we'd like to see, so far of third party use that has big payoffs , in the terms of commercial payoffs
you know I think it's easy to create a straw man to attack game theory uh and if you literally think that the payoffs you written down are completely right uh
a game and you can think about that you can change the rules of the game you can change the players in the game you can change the payoffs in the game you can