Opportunity cost and the Lollapalooza effect
My previous article about the compounding effect of changes was the first in a series to explore different mental models and how to apply them in Configuration Management. This article will focus on two mental models that can influence our decision-making around changes: Opportunity cost and the Lollapalooza effect. Opportunity cost Opportunity cost is the mental model that explains how you can only spend your time and money once, and therefore you will… Read More »Opportunity cost and the Lollapalooza effect