Sublime
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The Man With the Hot Hand
The best negotiators and leaders are the ones who ask the right questions and therefore get the right information to help them make better deals.
Alexandra Carter • Ask for More: 10 Questions to Negotiate Anything
The bottom line is that small changes in the communication structure can affect decisions.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
It traditionally assumed that firms were independent, and so changes would be independent, and so their sizes and aggregate effects would be distributed normally.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
In complexity economics, agents differ and in general lack full knowledge of each other and of the situation they are in. Fundamental uncertainty is therefore the norm; ill-defined problems are the norm; and rationality is not necessarily well defined. Agents explore and learn and adapt and open to novel behavior. Outcomes may not be in
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
providers might have a lot of freedom to exploit people’s limited attention, and those who play it straight may lose out to less-scrupulous competition. Exploitation of behavioral biases can be a winning strategy.
Richard H. Thaler • Nudge: The Final Edition
One of the Colonel Blotto game’s main lessons is that under most circumstances, winning strategies are nontransitive: all players have strengths and weaknesses, leaving no individual player dominant against all comers. Further, the game shows that an underdog hitting on the right strategy can slay the favorite.
Michael J. Mauboussin • Think Twice: Harnessing the Power of Counterintuition
A method for predictably altering behavior without restricting options or significantly changing incentives.