The Economics of (Not) Worrying
March 7, 2012 – 10:29 am
"A man is rich in proportion to the number of things he can afford to let alone."
- Henry David Thoreau
Well, Mr.Thoreau, I tend to agree, but which items can we let alone?
As every military officer and every product manager likes to do, I’ve created a 2×2 classifying the behavior a person is exhibiting when not letting things alone that have attributes along the Relevance and Significance domains.
The specific definitions I have for the two domains are:
- Relevance: is the outcome of the event influential to the accomplishment of your goals and does it scale proportionally to the effort invested?
- Significance: is the cost/benefit of ‘letting this alone’ high or low?
Lets work through an example for each of the quadrants beginning with the upper right and continuing clockwise around the chart.
Significant but Irrelevant – if you are spending time and effort in this quadrant, you probably correctly recognize the importance of many of activities taking place around you, but you probably don’t realize that the results of those activities are less impactful to your well-being than you think. Many newer managers err on the side of involving themselves in their subordinates work to an extent that is detrimental to themselves, their subordinates, and ultimately their employer’s bottom line. This is why I’ve labeled time spent in this quadrant as a ‘Control-Freak’.
Insignificant and Irrelevant – when you spend time, and effort in this quadrant, you aren’t helping anybody. In fact, you are probably hurting your won reputation and infuriating those you are seeking to help. The reason is that spending time and effort on something that is irrelevant and insignificant to you means that the topic is socially unimportant, or the owner of the task is someone better equipped to handle it than you. In either case, demonstrating an interest in the results can be beneficial, but exhibiting control and effort here is seen as being pedantic.
Insignificant and Relevant – of all the quadrants, this is the trickiest one to move out of, since the true value of significance is often not known prior to deciding how much time and effort to invest in a particular ‘thing’. However, it is safe to assume that the majority of ‘things’ whose value of significance is uncertain, are in fact insignificant. In all likelihood, this where Mr. Thoreau, encourages us to let ‘things’ alone. If you are in fact concerning yourself with ‘things’ in this quadrant, then you probably have too much time on your hands, and aren’t looking for activities that add more value for yourself.
Significant and Relevant – this is the holy grail of where you want to focus your attention, obviously. Although I can’t offer any rules, heuristics, or algorithms to decide what goes into this quadrant, you will no doubt be more cognizant of ‘things’ that don’t fall into this quadrant if you frame concerns in this template. Many people who recognize the value of this quadrant express the following adage:
“’Perfect’ is the enemy of ‘Done’”.
And with that adage, I’ll fully admit that I haven’t fully refined this idea or 2×2 yet, but for my intents and purposes, I am calling it “Done”.




