This blog is meant to capture the intersection of business, economics, politics, science, humanities, global culture, facts, figures, ideas, human nature, inventions, technology, health, food, sex...It is really an ode to life and the many things to think about and consider along the way.

Thursday, September 25, 2014

Dan Ariely on Divorce

Q: Why is the divorce rate so high?


Dan: In is hard to imagine we can be happy with any decision even a year down the line, much less 10, 20 or even 50 years later.  Frankly, I am amazed by how low the divorce rate is.

World's Economic Center of Gravity

http://www.businessinsider.com/economic-center-of-gravity-map-2013-11

Tuesday, July 1, 2014

Advice for Graduates - Don't Fail to Notice When Your Happy

http://parade.condenast.com/297072/connieschultz/my-advice-to-new-graduates-just-breathe/

Harvard MBA Indicator

Use this to predict bubbles...it's a bad sign when Harvard grads go to Wall Street...


http://www.washingtonpost.com/blogs/wonkblog/wp/2014/05/28/want-to-spot-the-next-bubble-look-at-where-harvard-grads-work/

Hongeo: Fermented Fish from Korea

As the NYT describes it: a delicate mix of outhouse and ammonia.


http://www.nytimes.com/2014/06/15/world/asia/hongeo-south-koreas-smelliest-food.html

How to Make Someone Happy to Pay You

Dear Dan,

Early in my career, I wrote a massive Excel macro for the large bank where I worked. The macro (a set of automated commands) would take a data dump and turn it into a beautiful report. It took about two minutes to run, with an hourglass showing that it was working away. The output was very useful, but everyone complained that it was too slow.

One way to speed up a macro is to make it run in the background, invisibly, with just the hourglass left on-screen. I had done this from the start, but just for fun, I flipped the setting so that people using the macro could see it do its thing. It was like watching a video on fast forward: The macro sliced the data, changed colors, made headers and so on. The only problem: It took about three times as long to finish.

Once I made this change, however, everyone was dazzled by how fast and wonderful the algorithm was. Do you have a rational explanation for this reversal?

—Mike





I'm not sure I have a rational explanation, but I have a logical one. What you describe so nicely is a combination of two forces. First, when we are just waiting aimlessly, we feel that time is being wasted, and we feel worse about its passage. Second, when we feel that someone is working for us, particularly if they are working hard, we feel much better about waiting (and about paying them for their effort). Interestingly, this joy at having someone work hard for us holds true not just of people but of computer algorithms, too.


The life lesson should be clear: Work extra hard at describing how hard you work to those around you.


http://online.wsj.com/news/articles/SB20001424052702304349604579606111586255626

Tuesday, June 17, 2014

Quote of the Day: Anxiety

The whole point of the brain is to predict the future based on past experience.


-Cori Bargmann of Rockefeller University

Tuesday, June 3, 2014

End of the World?

Species disappearing 10 times as fast as previously thought, study finds...


http://www.salon.com/2014/05/29/study_species_disappearing_far_faster_than_before/

Question of the Day

Is it not rational not to maximize profits and grow a company?

Thursday, May 29, 2014

What Should the World's Priorities Be?

By summer diplomats are expected to produce a finished list of 10 or so goals, to be anointed by the United Nations General Assembly next year as the Sustainable Development Goals, intended to be a focus on global attention and resources over the following 15 years.  They are meant to succeed the 8 Millennium Development Goals the UN set in 2000.

Sex Trafficking Industry is Hugely Profitable

"The annual profit margin on each women is about 70%.  Highly successful companies such as Google have a profit margin of around 22%," says Nick Grono, CEO of Freedom Fund.

Monday, May 5, 2014

Hook-Up Truck

The food truck of sex...
http://blog.sfgate.com/stew/2014/05/01/hook-up-truck-rolls-out-in-bay-area/

Reminder of How Vulnerable Humans Are

And how vulnerable Earth is...


Asteroids caused 26 nuclear-scale explosions in the Earth’s atmosphere between 2000 and 2013, a new report reveals. - See more at: http://marginalrevolution.com/marginalrevolution/2014/05/department-of-ho-hum.html#sthash.zbzOwvcf.dpuf
"Asteroids caused 26 nuclear-scale explosions in the Earth's atmosphere between 2000 and 2013."


Asteroids caused 26 nuclear-scale explosions in the Earth’s atmosphere between 2000 and 2013, a new report reveals. - See more at: http://marginalrevolution.com/marginalrevolution/2014/05/department-of-ho-hum.html#sthash.zbzOwvcf.dpuf
Asteroids caused 26 nuclear-scale explosions in the Earth’s atmosphere between 2000 and 2013, a new report reveals. - See more at: http://marginalrevolution.com/marginalrevolution/2014/05/department-of-ho-hum.html#sthash.zbzOwvcf.dpuf
http://marginalrevolution.com/marginalrevolution/2014/05/department-of-ho-hum.html

Three is the Right Number for Persuasion


http://www.nytimes.com/2014/01/05/fashion/Three-Persuasion-The-Power-of-Three.html

What Restaurants do Liberals and Conservatives Favor?

http://blogs.wsj.com/washwire/2014/05/02/liberals-eat-here-conservatives-eat-there/

How Not to be Misled by the Jobs Report

http://www.nytimes.com/2014/05/02/upshot/how-not-to-be-misled-by-the-jobs-report.html

Should GPI Replace GDP?

http://en.wikipedia.org/wiki/Genuine_progress_indicator

Why the Rich Now Have Less Leisure Time Than the Poor

http://www.economist.com/news/finance-and-economics/21600989-why-rich-now-have-less-leisure-poor-nice-work-if-you-can-get-out?fsrc=nlw|hig|4-16-2014|8329786|36582858|

How Much Money You Have to Make to be in the 1%

http://www.businessinsider.com/the-income-you-need-to-be-in-the-1-2014-5#!IPoX8

Monday, April 28, 2014

Compensatory vs. Punitive Damages

"Generally speaking, punitive damages that are more than nine times greater than compensatory damages should be viewed skeptically, the Supreme Court has ruled."


http://online.wsj.com/news/articles/SB20001424052702303910404579489921055493540

Tuesday, March 4, 2014

Do Economic Sanctions Work?

Tyler Cowen on Daniel Drezner on economic sanctions.


http://marginalrevolution.com/marginalrevolution/2014/03/do-economic-sanctions-work.html

President's Pay

How much should a college president make compared to the worker who cleans his office?  According to a proposal put forward by students and faculty at St. Mary's College, the answer is: No more than 10 times as much.


Basing a president's pay off the cleaning crew's
by Lilian Cunningham and Jena McGregor
http://www.washingtonpost.com/blogs/on-leadership/wp/2014/02/20/st-marys-college-considers-basing-presidents-salary-off-that-of-cleaning-staff/

Indian Headshakes

What do they mean?
https://www.youtube.com/watch?v=Uj56IPJOqWE

Monday, February 3, 2014

Stock Pullbacks

5% market declines occur three times per year on average.

-Heard on Nightly Business Report (NBR) on Feb. 3, 2014 (according to Bank of America Merrill Lynch)

Monday, January 13, 2014

Map: There are 2 Latin Americas

This article has a map showing the countries touching the Pacific Ocean as embracing free markets and all the others touching the Atlantic as favoring state controls.


The Two Latin Americas
by David Luhnow
http://online.wsj.com/news/articles/SB10001424052702303370904579296352951436072

Tuesday, January 7, 2014

Stock Picking Advice from Head of Harvard's Endowment

"Take the long-term view" was the best advice I ever received. If you take the long-term view, you will see things others miss. Nearly everyone thinks about next month, next quarter. Jack Meyer, who ran [the] Harvard endowment for 15 years, taught me that when you think about multiple years or even decades you see opportunities to create value others might not see, and you make different judgments today as a result.


The Best Financial Advice I Ever Got (or Gave)
http://online.wsj.com/news/articles/SB20001424052702304244904579276963442898436

US Politics Not Gridlocked?

No, It Only Looks Like Gridlock
by Tyler Cowen
http://www.nytimes.com/2013/12/22/business/dont-mistake-this-for-gridlock.html?_r=0

Dilbert's Scott Adams of Happiness

Happiness = Health + Freedom


http://www.washingtonpost.com/business/read-this-if-you-want-to-be-happy-in-2014/2014/01/02/d96370f0-7192-11e3-9389-09ef9944065e_story.html

On Value Line and Stock Picking

The Man Who Beat the Market - and Why He's Bullish Now
by Mark Hulbert
http://online.wsj.com/news/articles/SB20001424052702304244904579278390206935848


also:


This article mentions the classic economic paper from 1980 by J. Scott Armstrong titled "The Seer-Sucker Theory: The Value of Experts in Forecasting."


Value of Stock 'Experts' Is Up for Debate
by Spencer Jakab
http://online.wsj.com/news/articles/SB20001424052702303640604579296661592902306

The Levy Walk

Study: When Hunger Strikes, Humans Walk a Predictable Path
by Meeri Kim
http://www.washingtonpost.com/national/health-science/hunter-gatherer-humans-join-insects-sharks-and-other-animals-in-doing-the-levy-walk/2013/12/28/c807769a-6fde-11e3-a523-fe73f0ff6b8d_story.html