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Fair Wages and Happiness
ByadminAccording to traditional economic theory, when people perform jobs for pay, they decide whether the pay they receive is large enough to justify the effort they put into the task at hand. But what if someone else is doing the same work for more pay? They probably won’t feel so great about their jobs anymore,…
Why People Choose Boring Careers
ByadminFascinating new research sheds light on why so many people stick with dull jobs over trying something more exciting: They don’t expect to get paid enough to justify going after the more interesting options. Research into “effort aversion“ by Duke University Fuqua School of Business marketing professor Peter Ubel and David Comerford, an assistant professor at Stirling University found that in…
Baby Thoughts from Andrew Solomon
ByadminA quote from Far From the Tree I thought I’d share: “There is no such thing as reproduction. When two people decide to have a baby, they engage in an act of production, and the widespread use of the word reproduction for this activity, with its implication that two people are but braiding themselves together,…
Should We Be Inspired by Lance Armstrong's Fearlessness?
ByadminThe facts seem indisputable. After a courageous battle against cancer, Lance Armstrong inspired millions of people – bike aficionados and those who don’t know a pelleton from a crouton – by winning the Tour de France an unprecedented seven times in a row. As one of the millions who have been inspired by Lance –…
I Guess It Is Official – I Really AM a Business School Professor
ByadminHere is a funny link, funny in my mind, to a profile listing me as one of the world’s top business school professors. And I don’t even think the blogger putting the post together was being ironic. Anyway, some of the content in the post is actually true. Except the part about hospital cafeteria conversations….
What Iraq and Cuba Had in Common
ByadminInteresting take on the Bay of Pigs thinking in the Kennedy administration, as summarized in Jim Newton’s book on the Eisenhower Presidency: “The entire enterprise depended on an intelligence assumption that proved false, namely, that the Cuban people would greet the invasion force as liberators and turn against Castro.” Sounds eerily familiar to the Bush…