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Yup, and I find it incredible that seemingly very intelligent people make absolutely insane decisions like this. Is this short-term greed that makes MBAs do dumb stuff?

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MBAs do not use the scientific method. They do whatever has worked before even if the understanding of how it worked is incorrect.

In other words, they keep cargo-culting it, claiming responsibility for the wins and blaming staff, the economy, etc. for the losses.

Yes. That is why AI will outperform them.

would be funny explaining to the markets that the company is doing a double blind experiment with layoffs.

Well, when the observed conclusion can't absolutely follow from the premises, you are supposed to reevaluate your premises.

I'd start with that "very intelligent" one.

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