The surprising benefits of a parallel universe

Manfredi M.A. La Manna
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Manfredi M.A. La Manna: Department of Economics, University of St Andrews, St Andrews, UK, Postal: Department of Economics, University of St Andrews, St Andrews, UK

Managerial and Decision Economics, 2009, vol. 30, issue 2, 109-117

Abstract: Suppose that the successful completion of a project requires performing n tasks, each of which has a probability of success p. The paper establishes under what conditions it may be profitable to engage in parallel multi-tasking, i.e. tackling each task by following two independent routes. It is found that for ∀n>1 parallel multi-tasking is profitable for a wide range of parameters when costs are linear and is always profitable for convex costs. Copyright © 2008 John Wiley & Sons, Ltd.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:30:y:2009:i:2:p:109-117

DOI: 10.1002/mde.1441

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