Very well written essay. Had definitely prompted me thinking, and gave me a 'formulaic' way to describe what I would call a 'gut feel'. my take away from the a

Very well written essay. Had definitely prompted me thinking, and gave me a 'formulaic' way to describe what I would call a 'gut feel'. my take away from the article, with some elaboration is the following: a) through out our lives we have 'binary choices' and 'graduated choices. Where 'binary choices' basically a yes/no kind of things. While 'graduated choices' allow shades. b) the more binary choices present in a given subject of application (eg economics of individual income), the more 80/20 or (50/1) rule hold c) consistency in making 'right' binary choices, has huge benefits