To Make, or to Buy: The Economics of Decision Models

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74 pointspncnmnp3 comments

> It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.

Ha! I had this exact quote on a slide I presented last week on this very subject (internally at my company).

I enjoyed finding a number of older references that I could apply to LLMs and this was one of the best ones.

Come for the fascinating quote from Adam Smith and stay to read a while about decisions and their cost, plus their costs cost.

And then you have to figure out whether the time spent optimizing the cost of decisions is worth the cost