Science, Its Irrational Aspects
Posted on21 Nov 2013
Tagsbank, irrational, money, names, pressure, research methodologies, scientific, Scientific Method, The Economist
Comments3
Irrationality enters science when people either operate the scientific method or are its subjects. Scientists are not immune to pressures, biases and... Read More
Objective Value, Experts as Masters of Illusions
Posted on11 Nov 2013
Tagsanchoring, assumptions, attractiveness, Dark Side, men, objective, price, scientific, subliminity, The Economist, women, experts, Bloomberg Businessweek, Sokal Moment, Joshua Brustein, leadership dark side, value, value judgments, scientific papers
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Often, when unsure about value, we defer to experts. Experts are often leaders, so they bring leadership’s dark side with them: followers... Read More
Top Emotion Aroused by Facebook
The top emotion aroused by Facebook is envy a study found led by Ethan Kross (University of Michigan) and Philippe Verduyn (Leuven... Read More
Change Management, The Secret (Pt 2): Minority Power
In Part 1, we learned relationships are the secret to change. If we ponder all the one-on-one relationships we must leverage to... Read More
Pricing, The Secret
Posted on19 Sep 2013
Tagsanchoring, Dan Ariely, The Economist, violins, lobster, supply and demand, Drazen Prelec, George Loewenstein, values, Tom Sawyer fence painting, The New Yorker, taste, subjective, restaurant, rationale, price, neoclassical economics, James Surowiecki, Influence, food, economics
Comments2
The secret to pricing is its arbitrariness, subjectivity. What disrupts this is anchoring, a preconceived benchmark of what should be the price.... Read More
Power of Popularity in Decisions
Posted on26 Aug 2013
TagsThe Economist, Microsoft Research, Duncan Watts, Matthew Salganik, McGill University, Matthew Notowidigdo, Fabian Lange, Kory Kroft, rational herding, University of Toronto, University of Chicago, Abhijit Banerjee, problem solving, Princeton University, positioning, Massachusetts Institute of Technology, marketing, leadership, Influence, facts, emotions, decisions, cognitive dissonance, hiring
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Popularity influences our decisions to the point that we often subjugate our desires to what is popular. It’s a form of peer... Read More
Attack Statistics, Solve Problems
Posted on15 Aug 2013
Tagsintangibles, arbitrariness, assumptions, definitions, measure, numbers, perspective, problem solving, questioning techniques, statistics, tangibles, The Economist, Glass-Sand-Water Analogy
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If you don’t like the rules, change them. The article, “Boundary Problems” [The Economist, August 3, 2013 edition], reports that the United... Read More
Optimism Genetically Determined
Posted on08 Aug 2013
TagsPersonality, complacency, glass half full-half empty metaphor, Oxford Centre for Emotions and Affective Neuroscience, Elaine Fox, YinYang, The Economist, problem solving, Pollyannaism, pessimism, optimism, nature/nurture, innovation, glass, genetic code, free will, dissent
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We aren’t born blank slates; we come with personalities. These personalities, along with our bodies (more) and hormones influence our views, including... Read More
Personalities Lurk Behind Twitter Streams
Posted on25 Jul 2013
Tagsadvertising, behavioral economics, business, computers, decisions, education, free will, Google, logic, marketing, merchandising, neoclassical economics, Personality, politics, rational actor theory, relationships, The Economist, Twitter, Bloomberg Businessweek, Joshua Green, Eric Schmidt, Barack Obama, seed planting analogy, personality as software analogy
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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
Online Connections as Your Personality Indicators
Posted on16 May 2013
Tagsadvertising, marketing, Personality, phraseology, Real-time personality assessment, social media, The Economist, who we are, who we think we are, word choice
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We can assess personalities through everyday discussions. Everything we think, do and say are personality indicators. Friend selection works this way too.... Read More
