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Showing posts from October, 2018

Netflix’s Blunt Culture Unsettles the Ranks

https://www.wsj.com/articles/at-netflix-radical-transparency-and-blunt-firings-unsettle-the-ranks-1540497174?emailToken=064a6ddcd270e120325aaa1260d0c046nNhd/paiQ4eKzJLvq0f8NlJBbOvbbG2OMy2yBh1yWmgpNQVYbyhxlFwaDeAwXjFlto3WhGo6g0ou5gOEOkW4gzucGDxgI+kkOF/hjzP695aSc6dVASxNSl3rtDaBRx6O&reflink=article_copyURL_share

Don’r Get too Excited about Medicare for All

‘Don’t Get Too Excited’ About Medicare for All https://nyti.ms/2AinQ3k?smid=nytcore-ios-share
Quiz 3 in Economics. Possible Questions 1. What is comparative advantage? Who benefits from comparative advantage or trade  and who does not? 2. How did Illinois get into the financial mess that it is in? What are the possible solutions to resolving the financial crisis? 3. What is the formal definition of supply side economics? How have Republicans, beginning with Reagan, changed that definition? What is wrong with the latter definition? 4. What does my classmate from Kent (see home page on the blog for quote) add to your understanding of behavioral economics?

No, Trump’s tax it is not payinfg for itself (at least not yet)

No, Trump’s Tax Cut Isn’t Paying for Itself (at Least Not Yet) https://nyti.ms/2QTNnFo?smid=nytcore-ios-share

From a classmate of mine at Kent that bears on our study of behavioral economics

The theory of motivated reasoning builds on a  key insight of modern neuroscience  (PDF): Reasoning is actually suffused with emotion (or what researchers often call “affect”). Not only are the two inseparable, but our positive or negative feelings about people, things, and ideas arise much more rapidly than our conscious thoughts, in a matter of milliseconds—fast enough to detect with an EEG device, but long before we’re aware of it. That shouldn’t be surprising: Evolution required us to react very quickly to stimuli in our environment. It’s a “basic human survival skill,” explains political scientist  Arthur Lupia  of the University of Michigan. We push threatening information away; we pull friendly information close. We apply fight-or-flight reflexes not only to predators, but to data itself… Given the power of our prior beliefs to skew how we respond to new information, one thing is becoming clear: If you want someone to accept new evidence, make sure to pre...

ASK DAN. When my boss makes me exercise

https://www.wsj.com/articles/when-the-boss-makes-exercise-a-requirement-1539182407?emailToken=cbeed8060267213921f4446f4d979665ssy4WwzL64K03f08apyUmRtBEq8+8U/3HDopuJkpbb22A/TnvJ7w0yWgWMJE3OcJUi1fI4u54CYEA68P2g+mOkJE1iFchf3+uIqLnKeqZvk%3D&reflink=article_copyURL_share

Why is behavioral economics so popular?

https://www.nytimes.com/2018/10/06/opinion/sunday/behavioral-economics.html

How Did Walmart Get Cleaner Stores and Higher Sales? It Paid Its People More

How Did Walmart Get Cleaner Stores and Higher Sales? It Paid Its People More   https://nyti.ms/2e5IgCj?smid=nytcore-ios-share

Amazon to Raise Minimum Hourly Wage for All U.S. Workers to $15

Amazon to Raise Minimum Hourly Wage for All U.S. Workers to $15   https://nyti.ms/2NY1Zqv?smid=nytcore-ios-share

Applications keep falling at MBA programs even hitting elite schools

https://www.wsj.com/articles/m-b-a-applications-keep-falling-in-u-s-this-year-hitting-even-elite-schools-1538366461?emailToken=d060c84bfd369740703d971750af2d57BOk+l/80w42FDKkWpPalWEoCgi71ezEQeIX33SNrRrxZmMz0hy9bjaYuoMUmxZV9VyDQgsD6t4+oQpEf/tqzq0uDbOOb9ZV3NUj8ySnGaTu8jCPADTl9AZ2IaPADD40Wpn3z0+U3kjixsdR2/k4XPg%3D%3D&reflink=article_copyURL_share