The Daily Dose

Business people and entrepreneurs like myself often talk about ‘nice to have’ and ‘need to have.’ The latter refers to things you cannot do without. In a start-up IT company like mine, this could be things like a computer, desk, chair, and mobile phone. Examples of ‘nice to have’ items could be a foosball table or a designer lamp. Transferred to the world of education, the logic in recent years seems to be that the humanities should be trimmed because these are merely ‘nice to have’ for society. This is the subject of discussion in my home country of Denmark,…

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As entrepreneurs and creatives, we are often told to never quit in pursuit of our dreams. Conversely, professional gamblers and e-sports players are taught that knowing when to quit is a core skill of successful game playing. Games (and game theory) have extensive strategies for deciding when to quit, not just persist. This is because the vast majority of games have a win state and multiple players, of which only one can win. Therefore players must develop a quitting strategy in games to optimize chances of winning and maximize the value of their time. While approaches differ dramatically among players,…

This story continues at The Next Web