Dear Junior
If I had a time machine, I would not need to worry very much on how to invest my retirement pension plan. I could just pick any random fund, and if that one turns bad, I could just travel back in time and pick one that will succeed instead.
Now, who said that time travel should be free? If nothing else, the power to run it should send your electricity bill to unusual heights. So each time travel will certainly come with a fee. However, if it enables me to "have made" a better choice of pension plan thirty years ago, it would probably be worth it.
The Existential Angst of Making Decisions
How wonderful would that be, to not have to spend effort and energy on finding what hopefully is the best, and then have to worry about having made the wrong decision.
Unfortunately, I have no time machine. And chances are I will not have one either when time comes for me to retire, about thirty years from now.
So, boring and uninteresting it might be, I have to spend time and energy on investigating different choices to make a good one. And live with the angst.
In System Development We also make Decisions
When developing software, I constantly have to make a lot of decisions, small or big. It might be just what to name a method, or it might be how to split the system in tiers; still decisions, decisions, decisions. And, all those choices affect how easy the system will be to work with in the future - picking the wrong choice, and I will have a hard time.
Sometimes I find that I have earlier made a design- or architecture decision that "seemed like a good idea at the moment", but now feels like crap. Perhaps I should have spent a little more time and effort thinking over all possible futures?
In System Development We Have a Time Machine
To my delight, I have found that in system development I have the time machine I lack in financial investments. Often some not-too-complicated refactorings can "take me back in time" and change that template method solution (that does not suite me well any longer) to a shiny state and strategy pattern (that does suit my current needs).
Of course, the refactoring time travel is not for free - there is a fee to be paid in the work I have to do and the testing to ensure it went well. However, that fee is much lower than paying the price of continue working with a code-base that is not well aligned with my best-idea-at-the-moment.
Obviously, I still have to spend enough time and energy to find a decent solution when making a choice. The difference is that I do not have to spend the enormous effort to cover all options. The possibility of making future refactorings simply shrews the economics of making a decision. Refactorings make it possible to settle for a good solution now, keep the speed up, and pay the small fee for changing your mind in the future. And I can skip the "angst" part.
In that way refactoring is a wonderful little time machine.
Yours
Dan
Ps The ability to do refactorings in the future makes it possible to keep options open longer, thus deferring decision-commitment. This is what I see as the central message of the Real Options-movement.
Ps The ability to do refactorings in the future makes it possible to keep options open longer, thus deferring decision-commitment. This is what I see as the central message of the Real Options-movement.