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Next: 6. Up: Business Previous: 4.4

5. What comes next - the skills you need

The ability to differentiate is not in fact the key skill! It's the ability to recognize a problem as needing a derivative that's important.

For example, the marginal costs and revenue issue. A firm that only has revenue information, but not costs information can't hope to systematically maximize profits.

Class 8 is all word problems; recognizing problems and extracting the information needed to solve it.


next up previous
Next: 6. Up: Business Previous: 4.4
Richard Waterman
1999-06-14