What’s In It For Me Under Attack By Nobel Prize Winner
Posted on16 Oct 2017
Tagschange management, Richard Thaler, Nobel Prize, team building, self-interest, Cooperation vs Self-interest Series, cooperation, context, behavioral economics, altruism
Comments3
What’s In It For Me is a trite, popular slogan for the average professional driving change. It assumes that people will only... Read More
Five Point Scales Misleading You On Predicting Consumer Behaviors?
Five point scales show up everywhere. They often mislead people though. It’s especially true when people use them to make predictions. Predicting... Read More
Economics, Illogical or Irrational?
Once upon a time, long, long ago, a successful retail executive confided that in college she didn’t do well in economics. She... Read More
Personalities Lurk Behind Twitter Streams
Posted on25 Jul 2013
Tagscomputers, business, behavioral economics, advertising, decisions, rational actor theory, personality as software analogy, seed planting analogy, Barack Obama, Eric Schmidt, Joshua Green, Bloomberg Businessweek, Twitter, The Economist, relationships, politics, Personality, neoclassical economics, merchandising, marketing, logic, Google, free will, education
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Increasingly, we are seeing the connection between all that we do and our personalities. Why is this “groundbreaking?” For centuries now, we’ve... Read More
America’s Faith-based Economy
Posted on22 Apr 2013
Tagsfaith-based economy, United States, Poland, The Economist, religion, personal, objectivity, neoclassical economics, money, behavioral economics, American
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When I read articles like “Toss a Coin” (The Economist, January 12, 2013 edition), I’m reminded that our economy relies on faith.... Read More
Your Brain, the Final Frontier
Posted on08 Apr 2013
Tagsbehavioral economics, biology, brain, conditionality, context, emotions, free will, genetic code, humans, knowledge, management, Management by objective, rational actor theory, Star Trek, technology, The Economist, Brain Mapping Analogy, American Association for the Advancement of Science, Human Genome Project
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“Space, the final frontier” introduced Star Trek’s original series, but assessments of our human knowledge indicate that the space between our ears... Read More
People Eat Escargot, Not Snails
Posted on05 Apr 2012
Tagsbehavioral economics, connotations, decisions, emotions, food, phraseology, problem solving, rational actor theory, Roget's Thesaurus, taste, The Economist, word choice, words, analogy collection
Comments3
The research behind behavioral economics is full of emotional solutions to everyday problems. By tapping into the emotional biases behind our decisions,... Read More
Accounting for Unconscious Biases in Your Decision Making?
Posted on16 Dec 2010
Tagsdecisions, Dan Lovallo, budgets, behavioral economics, abilities, dissent, unknown, uncertainty, self-interest, optimism, Olivier Sibony, McKinsey & Company, management, leadership, economics, diversity
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The article, The Case for Behavioral Strategy, (PDF) by Dan Lovallo and Olivier Sibony* from the March 2010 McKinsey Quarterly states: Once... Read More
