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
Tagswomen, Sokal Moment, Bloomberg Businessweek, experts, Joshua Brustein, The Economist, subliminity, scientific, price, objective, men, Dark Side, attractiveness, scientific papers, value judgments, value, leadership dark side, assumptions, anchoring
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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
Tagsrationale, anchoring, Dan Ariely, economics, food, Influence, James Surowiecki, neoclassical economics, price, restaurant, subjective, taste, The Economist, The New Yorker, Tom Sawyer fence painting, values, George Loewenstein, Drazen Prelec, supply and demand, lobster, violins
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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
Tagsmarketing, leadership, Influence, facts, emotions, decisions, cognitive dissonance, Massachusetts Institute of Technology, Fabian Lange, hiring, Abhijit Banerjee, Microsoft Research, Duncan Watts, Matthew Salganik, McGill University, Matthew Notowidigdo, Kory Kroft, rational herding, University of Toronto, University of Chicago, The Economist, problem solving, Princeton University, positioning
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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
Tagsnumbers, Glass-Sand-Water Analogy, The Economist, tangibles, statistics, questioning techniques, problem solving, perspective, measure, intangibles, definitions, assumptions, arbitrariness
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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
Tagscomplacency, glass half full-half empty metaphor, Oxford Centre for Emotions and Affective Neuroscience, Elaine Fox, genetic code, YinYang, The Economist, problem solving, Pollyannaism, pessimism, Personality, optimism, nature/nurture, innovation, glass, 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
TagsGoogle, free will, education, decisions, computers, business, behavioral economics, advertising, logic, The Economist, personality as software analogy, seed planting analogy, Barack Obama, Eric Schmidt, Joshua Green, Bloomberg Businessweek, Twitter, relationships, rational actor theory, politics, Personality, neoclassical economics, merchandising, marketing
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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, word choice, who we think we are, who we are, The Economist, social media, Real-time personality assessment, phraseology, Personality, marketing
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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
