Archivio per febbraio 2014

28
Feb
14

Why I Think Machiavelli Was Right in the 1500′s and Why He is More Relevant in 2014!

See on Scoop.itCool Findings on ScoopIt

His teachings and theories in The Prince were directed more for those in the office of politics, however it is quite easy to translate those same principles to anyone who holds a position of leadership, management or supervision.

Here are my 7 reasons why Mr. Mach is more relevant today than ever!

Before I give you those 7 reasons I want to clarify one area I don’t agree with Mr Machiavelli…

1. Plan for the the worst and take action. Risk can never be eliminated, but it can be contained by those who plan ahead and take appropriate action.

2. The only reliable allies (partners) are those who benefit from your successes. Team up only with those who truly benefit from your victories or your opponent’s defeat.

3. Free time and work time really are all part of the limited amount of time you have at your disposal to succeed at your goals. Do not squander them, not even during periods of rest.

5. Passion is the best motivator. It pays to seek out people who believe passionately in what they do.

Eli Levine’s insight:

I actually did a rewrite of Machiavelli for my book of essays, It Comes Undone.  I came to the conclusion that Machiavelli was talking about the preservation of the State and the individual(s) who represent the state, and also that it was not those who simply ruled over people that mattered, but those who genuinely provided some genuine help and assistance to others throught the use of their power.

Consider that Machiavelli’s idols, the Ferdinand of Aragons or the Caesars never have had the same sway over humanity as the Jesuses or the Buddhas or the Confuciuses or the Mohammads of the world.  The people you should be trying to emulate in action and consequence, if you’re seeking the Machiavellian end of sustained power, are therefore those who served humanity in a genuine and sincere manner and satisfied a need within humanity’s individual and collective mind.  It is those who healed, not those who simply destroyed, who we remember and honor the most strongly in the long run of history.

See on humancapitalleague.com

28
Feb
14

US economic growth rate revised down

See on Scoop.itCool Findings on ScoopIt

The US economy grew at a rate of 2.4% from October to December, down from a first estimate of 3.2%, as consumer spending proved weaker than predicted.

Eli Levine’s insight:

add your insight…

And no one seems to be blaming the systemic problems within the US economy and our flawed methods of measuring success, defining success and observing and managing it. The economy, like a garden or a human body, needs to be tended to.  The government can’t do the growing or the day to day functioning of the economy without hurting it.  But the weeds need to be pulled, the hedges need to be trimmed, fertilizer needs to be added and care must be given to the garden of wealth if it is going to provide sustanence to society.  Economic justice is the same as economic function, partially because economies work better when people are able to participate in them and because it eases the sense of social injustice that could prove calamitous to the economy, the society, the polity and the environment in which we all need to live. War is expensive, environmentally, economically, socially and politically destructive.  I don’t get how our leaders are so callous and unconcerned about the masses getting angry and starting to act against them.  I’d be in panic mode, if I were them, scrambling to make amends without being forced to come off as weak. But, that’s just me, and this is them.  That’s how I know they’re unqualified for the jobs they’ve taken, in spite of their “experience” and years believing falsehoods and not paying attention or giving a care for the world around them. Think about it.

See on bbc.com

28
Feb
14

Ambiguity on Audits and Cooperation in a Public Goods Game

See on Scoop.itBounded Rationality and Beyond

Abstract: We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being audited, both before and after audits are definitely withdrawn. We find that when individuals have initially experienced systematic audits, they decrease both their beliefs and their contributions almost immediately after audits are withdrawn. In contrast, when audits were initially less frequent and more irregular, they maintain high beliefs about the probability of being audited and continue cooperating long after audits have been withdrawn. Inconsistency in experiencing audits across time clearly increases the difficulty of learning the true audit probabilities. Thus, conducting less frequent and irregular audits with higher fines can increase efficiency dramatically.

 
See on econpapers.repec.org

28
Feb
14

Ambiguity on Audits and Cooperation in a Public Goods Game

See on Scoop.itBounded Rationality and Beyond

Abstract: We investigate the impact of various audit schemes on the future provision of public goods, when contributing less than the average of the group is sanctioned exogenously and the probability of an audit is unknown. We study how individuals update their beliefs about the probability of being audited, both before and after audits are definitely withdrawn. We find that when individuals have initially experienced systematic audits, they decrease both their beliefs and their contributions almost immediately after audits are withdrawn. In contrast, when audits were initially less frequent and more irregular, they maintain high beliefs about the probability of being audited and continue cooperating long after audits have been withdrawn. Inconsistency in experiencing audits across time clearly increases the difficulty of learning the true audit probabilities. Thus, conducting less frequent and irregular audits with higher fines can increase efficiency dramatically.

 
See on econpapers.repec.org

28
Feb
14

Two Additional Remarks on Conformism – Ekkehart Schlicht

See on Scoop.itBounded Rationality and Beyond

Abstract: Abstract This note offers two comments on the article “Social Influences towards Conformism in Economic Experiments” by Hargreaves Heap that is to appear in the Economics e-Journal. One relates to the concept of conformism, the other lines out some phenomena where an explicit recognition of group processes, such as conformism, may be analytically helpful.

 
See on econpapers.repec.org

28
Feb
14

Two Additional Remarks on Conformism – Ekkehart Schlicht

See on Scoop.itBounded Rationality and Beyond

Abstract: Abstract This note offers two comments on the article “Social Influences towards Conformism in Economic Experiments” by Hargreaves Heap that is to appear in the Economics e-Journal. One relates to the concept of conformism, the other lines out some phenomena where an explicit recognition of group processes, such as conformism, may be analytically helpful.

 
See on econpapers.repec.org

28
Feb
14

The Effect of Behavioral Codes and Gender on Honesty

See on Scoop.itBounded Rationality and Beyond

Abstract: We examine the effect of adherence to behavioral codes, as measured by the degree of religiosity, on the level of honesty by conducting under-the-cup die experiments. The findings suggest that behavioral codes, which prohibit lying, offset the monetary incentive to lie. The highest level of honesty is found among young religious females while the lowest is found among secular females. Moreover, when the monetary incentive to lie is removed, the tendency of secular subjects to lie disappears. Given the strict separation between the secular and religious education systems the research findings confirm the importance of education in instilling ethical values.

 
See on econpapers.repec.org




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