Wednesday, January 26, 2011

God forbade...must reading!

Nomination






  Anyone can be nominated, but only exceptionals are honored. To make sure your candidate makes the honor's list, make sure he has what it takes to endure. Good deeds can litter the landscape, honor's committees look for those who've made a difference in their field of work or community.



 Other qualities are; showed the best sustained and selfless voluntary service, demonstrated innovation and entrepreneurship, carried peer's respect, able to change things and do so, improved the lot of those less able to help themselves, displayed vision and moral courage while making tough choices.



 Robert's Rule of Order is, at heart, the rule of the majority with respect to the minority. It uses deliberation to arrive at the best sense. Self governing organizations follow parliamentary debate, usually by vote, to come to a group decision with the least friction.



  Backward induction is a reasoning backward in time for the best actions. It considers the last time a decision was made, what was done. The process continues until the best choice for every possible situation at every point in time is found.



  In an example looking for work, if you turn down up to nine or ten times, you might reject, only, up to eight. The intuition is if you expect to work a long time, be picky about your choice.



Optimal stopping chooses the best time to act, to maximize the reward or minimize the cost.



  John J. McCall's work considers a reservation wage, the lowest wage one would accept. As in economics, the reservation price, the highest price paid for goods.



 In matching theory of labor markets, the rate new jobs are filled depends on the search and on finding open job vacancies.



  Satisficing combines satisfy with suffice, to find the adequate, opposed to the optimal. Satisficing explains the tendency to go with your first choice if it satisfies most needs rather than finding the most optimal. Herbert Simon coined the term, saying humans lack cognitive resources to maximize, we, usually, don't consider the probabilities of outcomes, with our weak and unreliable memories.



  An example: The job, to sew a patch on a pair of jeans. The best needle, four-inches long with a three-millimeter eye. This needle is buried in a haystack with one thousand other needles, one to six-inches long. Satisficing claims the first needle found should be used, searching for the one needle in the haystack is useless.



  Jan Odhnoff quiets there is room for optimizing and satisficing. The difference, usually, in the quality of choice. Its trivial the best choice in optimization can be satisficingly unsatisfactory. Don't get bent over these two.





NiDirect, government services

Wikipedia

No comments:

Post a Comment