Before we get to three items, Al Sklover shared
some amazing, in-the-moment employee benefits
that firms offer, in place of real pensions…
In the same vein, we link to highlights of an
article on Daniel McFadden about consumer choice,
things that affect our decision making process.
A second link relates to ideas on how scientists
and engineers participate in social media. While
we are for the most part scientists and engineers,
it is interesting to learn what drives and divides
business school talent assessment–
CHOICE DECISION MAKING INFLUENCES
SOURCE: The Economist, “Free exchange“,
Mcfadden overlaid neuroscience and psychology on
economics in relaying a conclusion that our preferences
are “fluid.” He cited:
- mundane things are valued more highly when we
think of them as “our own.” Think: stocks we hold whose
price has dropped, insurance policy deductibles [premiums
for lower deductibles], even our clothes that we own.
- memory and experience of an event are dominated
by how we feel at its peak and near the perceived end.
- order in the presentation of alternate choices and what
happens right before the choice exhibit strong influences.
Think: social networks, online habits
- more choices is not always good.
BUSINESS SCHOOL SELECTION
SOURCE: M. Korn, WSJ 5-2-13 p. B1
It is interesting to track how business schools are
adapting to hiring practices in their industries. They
seem to be adapting assessments of personal
and emotional competencies based on scoring