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- Title
The surprising benefits of a parallel universe.
- Authors
La Manna, Manfredi M. A.
- Abstract
Suppose that the successful completion of a project requires performing n tasks, each of which has a probability of success p. The paper establishes under what conditions it may be profitable to engage in parallel multi-tasking, i.e. tackling each task by following two independent routes. It is found that for ∀n>1 parallel multi-tasking is profitable for a wide range of parameters when costs are linear and is always profitable for convex costs. Copyright © 2008 John Wiley & Sons, Ltd.
- Subjects
SUCCESS; PROFIT; ECONOMICS; CONVEX functions; PARAMETERS (Statistics); PROBABILITY theory
- Publication
Managerial & Decision Economics, 2009, Vol 30, Issue 2, p109
- ISSN
0143-6570
- Publication type
Article
- DOI
10.1002/mde.1441