Here, you’re optimizing for quality of expertise that’s expensive to evaluate directly. For example, if you need a particular surgery, you want a good surgeon for that, but can’t try a lot of different ones. Or, if you’re an investor choosing which company/technology/founder to invest a billion dollars into, you can’t just try investing in everyone who applies.
Here, you’re optimizing for quality of expertise that’s expensive to evaluate directly. For example, if you need a particular surgery, you want a good surgeon for that, but can’t try a lot of different ones. Or, if you’re an investor choosing which company/technology/founder to invest a billion dollars into, you can’t just try investing in everyone who applies.