Issue 1 Explore JFM 2017
Book: The Paradox of Choice by Barry Schwartz
In’ The Paradox of Choice- Why More Is Less’,
American psychologist Barry Schwartz. argues that eliminating consumer choices can greatly reduce anxiety for shoppers. Schwartz assembles his argument from a variety of fields of modern psychology that study how happiness is affected by success or failure of goal achievement.
Our take: Although the book was criticised by some economists, we recommend it for its convincing analysis of choice and wellbeing and practically useful, actionable insights- choosing when to choose, maximisers vs satisficers and the problem of adaptation.
Article: Choice Overload
The New York Times editorial by David Brooks is about the“ choice explosion” that’ s taken place over the last 30 years. He writes that we have“ more choices over more things than any other culture in human history.” Yet,
83 % of corporate mergers and acquisitions fail to increase shareholder value, 40 % of senior-level hires don’ t last beyond a year and a half in new position.
Making decisions well nowadays is incredibly difficult,“ even for highly educated, professional decision makers.” We all need more help understanding the anatomy of decision-making.
Did you come across an interesting talk, a podcast, a youtube video, a quote, a book or an article on Kaleidoscope’ s theme of money, mind and media, that could be of interest to other parents? Share with us.
Contact details and links to the resources mentioned here can be found on the last page # 20, of this issue of AIM.
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