According to academics if you want to truly master the art of the queue, you need to follow the rules. It’s all about the power of six, professors say. People will wait for six minutes in a queue before giving up and are unlikely to join a line of more than six people, researchers at…
For years, runners have believed that their sport makes them too tight and that they should turn to yoga to lengthen their muscles, become more flexible and thereby develop into better runners. It turns out, though, that the opposite may be true: Coaches and physical therapists now say that bending like Gumby may, in fact,…
In Australia we have a number of traditions. The long weekend, a sausage sizzle at Bunnings and the latest – the whinging billionaire. The leaders of this pack of privileged complainers has to be Gerry Harvey who in the past two weeks has suggested that his stock in the grip of an evil an unidentified…
With a free afternoon I decided to look at the individual performance of stocks that make up the ASX 200 since the beginning of the year. What I did was assume that you invested $1.00 into each on the first trading day of the year and then see what their current valuation was. The table…
Look at a photo of yourself as a teenager and, mistaken fashion choices aside, it’s likely you see traces of the same person with the same personality quirks as you are today. But whether or not you truly are the same person over a lifetime—and what that notion of personhood even means—is the subject of…
I have been thinking about this table I put up the other day. It merely confirms my view that the mining industry is an historical economic distortion that is vastly overrated in its importance. Employing less that 2% of the Australian workforce (see below) and only contributing about 6% of GDP yet receiving about $10B…
I was reviewing the latest Investment Trends data which can be viewed here. There are a few things that jumped out at me but I want to discuss the chart I have posted below. This chart looks at the current fears investors/traders have about the market. What is interesting about these fears is that as…
Whilst looking for something completely different I came across this list of domestic CEO salaries. I thought it would be interesting to strip out some of the data and look at those CEO’s who are paid the most but whose companies lose the most money. Its remarkable how well you can do when your company…
The change in the relative size of world markets over the past century. You will note that the Australian market has shrink significantly. Source – Credit Suisse Global Investment Reurns Yearbook 2017
It is a strange time to be a behavioral scientist in business. When I left my PhD program almost ten years ago to focus on real-world applications, I spent the majority of my first few years explaining over and over what behavioral scientists actually did. Now, I regularly get inbound requests to speak at large…
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