princeb
Joined 14 years ago
Joined 14 years ago
if you don't do anything wrong, you won't get into trouble, and out of 8 billion people in the world, only a handful of people get in trouble. the problem is, the definition of trouble can change.
when the only goal is a product that works, you get a lot of innovation and a lot of speed. when you don't have to worry about review, testing, and deployment, you strip out 80% of the overhead.
i heard the hedge fund renaissance technologies does not target hiring people with finance backgrounds. i wonder if you can build a tech company out of people who are just going to figure out javascript for the first time on their first day of work. when the performance hurdle is "learn something new on your own with minimal guidance", you immediately filter for a group of innovative people with initiative and drive.
emh doesn't mean everyone knows everything, it means the price accurately reflects available information. if an innovation was believed to be world changing, it would be worth a lot, if the belief changes, the price changes.
the straits chinese have the lowest fertility rate among all the major racial groups in singapore, and yet mysteriously the proportion has not changed in the last 10 years.
at the college level, i don't really think these are meaningful questions to ask in order to test understanding. these feel like something you'd pick up after a week of working a trade financing desk in a industrial bank.
there is a similar effect found here https://en.wikipedia.org/wiki/Hungry_judge_effect
Japanese social groups are extremely exclusive- on the broadest level, foreigners are excluded from some establishments, banking and housing services are sometimes inaccessible to foreigners. And on a smaller level, there are also establishments that do not accept new customers without an introduction, local or not. Such exclusions are an integral part of the culture - the language itself is a shibboleth, you know your place and standing in the world by the language other people use when they speak to you.
many families hire a live-in helper, who is typically a low-income migrant worker from a neighbouring country. due to space constraints only the most privileged can hire two or more. as it is with asian tradition, parents primarily involve themselves in the area of discipline and education, and everything else is left to the nannies. the low-income families who cannot afford a helper or the living space for a helper suffer from a lack of enforcing discipline or providing for a growing child and low-income children often grow up maladjusted to the modern working society.
singapore unfortunately, still suffers from a low replacement rate, so the foreign domestic worker (FDW, as it is known) policy while enough to move the dial away from the danger zone that is south korea, is still not enough to ensure singapore is growing comfortably. however, at this point i don't believe allowing
(the FDW policy is generous and broad-based enough to extend to working adults with elderly, which means that subsidies for domestic help pretty much extend to working adults through a significant part of their working life. families often qualify for significant subsidies taking care of multiple generations through several decades.)
the least bad case is that you realize why nobody wanted to go ahead with your proposal in the first place but you caused no harm other than wasting several months of your own effort.
the worst case obviously is that you caused a huge amount of problems for the firm and people are aware of where those problems came from.
the typical solution using wifi connected arduino servos seems like overkill.
applied math.
uchicago '12