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How Elon Musk Builds Impossible Things

Press & media:
Press / Media

Press & Media Information

Media Coverage

Title

How Elon Musk Builds Impossible Things

Media type

Web

Media name

Daily Trust

Date

2024-02-17

Producer

Ibraheem Dooba

Persons

  • Bent Flyvbjerg(Research cited)

Description

Here’s the elegantly simple technique Musk uses to make mega projects doable. But first, imagine a scenario where a friend buys a dilapidated house, planning to renovate it. Initially, the builder’s estimate is N25 million , but about 20 months later, costs have soared to N120 million, and the work is still incomplete. This scenario exemplifies the typical occurrence in fat-tailed distributions, where extreme outcomes happen more frequently than expected...