behavioral economics Archives

Quiet: The Power of Introverts in a World That Can’t Stop Talking by Susan Cain. Susan’s efforts in revealing insights addressing introverts are remarkable. In the age of COVID, Quiet offers all readers a refreshing though process to strengthen ourselves and all of our relationships by better understanding introverts. At the same time, it may be indeed revealing that readers are rediscovering their own quiet demeanor while working at home.

Susan’s stories of Rosa Parks, Dr. Seuss, Steve Wozniak, and Eleanor Roosevelt are certainly well researched and serve as insightful lessons to their daily behaviors.

As a result, one of the strong and revealing topics across the opening three chapters address how leadership is impacted by extroverts. However, this is sometimes not for the better.

Traditionally extroverts certainly carry a group’s ideas. Susan is proving this to be a wrong approach.

Any unchallenging loud voice in the room seemingly is ‘defining’ a project or sales ‘success’ for the gorup, can certainly be where the train goes off the tracks. When this is a CEO or senior Vice President there can be uphill challenges to organizational success. An introvert attending a Tony Robbins event was interesting to say the least as Susan attests.

Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard Thaler, and Cass Sunstein. At the time of publication both Thaler and Sustain were faculty at the University of Chicago. Cass departed for a role in the Obama Administration then began teaching at Harvard. In addition, Richard won the Nobel prize in economics in 2017.

Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard Thaler, Cass Sunstein

Nudge certainly brings out the small, subtle pushes that our modern-day world makes in swaying one’s opinion or real-world choices.

I was certainly finding myself laughing at passages between Thaler and Sunstein, really enjoying their work very much

Admittedly, stepping back from the often suggested, and overused technology ‘hammer-and-nail’ approach to computer problems, we unquestionably desire to simply change behaviors.

Within Part 1: Humans and Econs / Section 3: Following the Herd Thaler displays how priming may be worth your consideration.

Comparatively, the choices we on a daily basis are proving to be often poor. Nudge certainly helps us identify how we make these choices.

On the other hand, the surprise by Richard and Cass, our choices are really never presented in a neutral way. Nevertheless, this is how we become susceptible to biases, which may lead us to make poor decisions.