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Bike Shedding

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In his 1957 book Parkinson's Law, Parkinson presents an example of a budget committee considering an atomic reactor and a bike shed, offering that "the time spent on any item of the agenda will be in inverse proportion to the sum involved." The committee members are reluctant to deeply discuss all of the complicated aspects of the atomic reactor decision because it is challenging and esoteric. By contrast, everyone wants to weigh in with their opinion on the bike shed decision because it is easy and familiar relative to the reactor, even though it is also relatively unimportant. This phenomenon has become known as bike-shedding.

From

Chapter:

Spend Your Time Wisely

Section:

You Can Do Anything, But Not Everything

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North Star
Compound Interest
Two-Front Wars
Multitasking
The Top Idea In Your Mind
Deep Work
Eisenhower Decision Matrix
Sayre's Law
Bike Shedding
Opportunity Cost
Opportunity Cost Of Capital
Best Alternative To A Negotiated Agreement (BATNA)
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High-Leverage Activities
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Power Law Distribution
Law Of Diminishing Returns
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