A Bad Plan Is Better Than No Plan: A Theoretical Justification of an Empirical Observation

Authors

Songsak Sriboonchitta, Chiang Mai UniversityFollow
Vladik Kreinovich, The University of Texas at El PasoFollow

Publication Date

6-2017

Comments

Technical Report: UTEP-CS-17-51

Abstract

In his 2014 book "Zero to One", a software mogul Peter Thiel lists the lessons he learned from his business practice. Most of these lessons make intuitive sense, with one exception -- his observation that "a bad plan is better than no plan" seems to be counterintuitive. In this paper, we provide a possible theoretical explanation for this somewhat counterintuitive empirical observation.