TechnicalDebt
c2.com
c2.com
- Debt is predictable: if I know the price in the future, and the rate of interest, I know the price now. If I knew what the cost is going to be in future, I could come up with today's price for the bad code and make perfect decisions.
- Unhedged options either blow up (incur a large future cost) or they expire worthless (I escape without paying anything). I don't know in advance which outcome will happen, so in today's price, I have to consider both possibilities and factor in the uncertainty.
As a quick shorthand, "technical debt" works better than "technical unhedged call options" - and if you need to go back and explain what the hell is a call option, then you've lost your audience. Everyone understands the concept of debt already.