Barry Boehm "Software engineering economics." Software Engineering, IEEE Transactions on 1 (1984): 4-21. p. 4.
“
Microeconomics is the study of how people make decisions in resource-limited situations on a more personal scale. It deals with the decisions that individuals and organizations make on such issues such as how much insurance to buy, which word processor to buy, or what prices to charge for their products or services.
— Barry Boehm on Insurance
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Microeconomics is the study of how people make decisions in resource-limited situations on a more personal scale. It deals with the decisions that individuals and organizations make on such issues such as how much insurance to buy, which word processor to buy, or what prices to charge for their products or services." in the context of "Barry Boehm "Software engineering economics." Software Engineering, IEEE Transactions on 1 (1984): 4-21. p. 4." to mean that wisdom is timeless.
Source: Wikiquote: "Insurance" (Quotes, B)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About Barry Boehm
Barry W. Boehm (May 16, 1935 – August 20, 2022) was an American software engineer, TRW Emeritus Professor of Software Engineering at the Computer Science Department of the University of Southern California, and known for his many contributions to software engineering.
About Barry Boehm
Barry W. Boehm (May 16, 1935 – August 20, 2022) was an American software engineer, TRW Emeritus Professor of Software Engineering at the Computer Science Department of the University of Southern California, and known for his many contributions to software engineering.
View all quotes →