By economic definition, he’s more productive in the latter position… unless you are smuggling in unstated axioms about positive externalities about the former position overwhelming the revealed preference of the economy for his work in the latter position, which I rather hope you aren’t, since that would be begging the question.
I’m not talking about positive externalities, I’m talking about actual work being done. Some structures—early-stage startup companies generally included—tend to involve disproportionately large amounts of work relative to others, which is made up for by the potential for very high, if delayed, payoffs.
The “revealed preference of the economy” is difficult to actually determine in such cases given the uncertainties involved, though it could likely be estimated using reference class forecasting and similar predictive techniques.
By economic definition, he’s more productive in the latter position… unless you are smuggling in unstated axioms about positive externalities about the former position overwhelming the revealed preference of the economy for his work in the latter position, which I rather hope you aren’t, since that would be begging the question.
I’m not talking about positive externalities, I’m talking about actual work being done. Some structures—early-stage startup companies generally included—tend to involve disproportionately large amounts of work relative to others, which is made up for by the potential for very high, if delayed, payoffs.
The “revealed preference of the economy” is difficult to actually determine in such cases given the uncertainties involved, though it could likely be estimated using reference class forecasting and similar predictive techniques.