Behavioural Economics is all the rage these days. It recognizes that we are not fully rational and tries to to ‘nudge’ us to make positive changes in their lives (for instance, creating systems where if you get a raise it is automatically saved in a 401(k) unless you opt out). But what if you wanted… Continue reading Nudging you the Wrong Way
Category: Business
Why You Should Work for an Internet Company
I work for an Internet company. I’ve noticed that a lot of the time I have a totally different perspective from my non-Internet geek friends on how the world works. I think that this is largely due to the fact that working for an Internet comany is like giving a man a hammer: everything becomes… Continue reading Why You Should Work for an Internet Company
This is What a Recession Looks Like
This is what a recession looks like. It’s 3:15 on a Friday afternoon at Newark Liberty airport and there’s nobody here. There should be the weekly mass exodus of business travellers fleeing New York for their homeland, but instead the airport feels more like a very lonely convention center. I can’t help but wonder what… Continue reading This is What a Recession Looks Like
Tropican’t
When you work at a medium- or large-sized company, you have an inherent advantage over small companies/start-ups: somebody else got you there. The law of averages means that it’s pretty unlikely that you’re the person who started the company from scratch and built into the Goliath that it is today. When you work at a… Continue reading Tropican’t
Insurmountable Experience
I started my career as a management consultant and one of the concepts that was drilled into our heads was the “experience curve“. It’s the notion that organizations learn over time and this enables them to produce goods at a lower cost per unit – and therefore makes it harder for competitors to underprice them… Continue reading Insurmountable Experience