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I think it's valuable to look at his BATNA (alternative strategy). He was never going to work in a biochem wetlab to cure cancer. I feel safe saying he would h
by ovi256 8y ago
I think it's valuable to look at his BATNA (alternative strategy).
He was never going to work in a biochem wetlab to cure cancer. I feel safe saying he would have gone into investment banking or management consulting, prestigious jobs with high pay. Where people also regularly pass out from working long hours and don't take holidays.
- steelframe 8y agoBATNA stands for "Best Alternative to a Negotiated Agreement," which applies specifically to situations where you are in multi-party negotiations. The term doesn't generalize to "alternative strategy." I think maybe the term you were looking for was "opportunity cost."
- ovi256 8y agoIt's helpful to see a thing like career choice like the market participation that it is, and see market participants, in a sort of game theory view, as participants in an ongoing implicit negotiation.