Showing posts with label behavioral economics. Show all posts
Showing posts with label behavioral economics. Show all posts

Purchase Cheap Zen and the Art of Motorcycle Maintenance Review

Zen and the Art of Motorcycle Maintenance

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Zen and the Art of Motorcycle Maintenance Review

I'm compelled to write this review after browsing the others, because something has to be said about book that isn't being pointed out for someone who is interested in the book for the first time.
At this point, this book can be found on the front table in your local bookstore. Other philosophy books can be found in the philosophy section either collecting dust, or being perused by someone intensely interested in philosophy who is well versed in debates that have gone on for centuries.
I have listened to the author, Robert Pirsig, being interviewed, and it seems that he did, in fact, intend for this book and its premise of "Quality" to be the great, all encompassing philosophy, presented in a straightforward, readable manner. However, despite Pirsig's intention, that is not quite why this book has become so famous.
This book is famous because it fills a perfect niche in that it introduces some very complicated philosophical questions in a form that the common reader will find interesting. Pirsig is attempting to create a practical philosophy and sets the book against the background of actual experience to make the questions he ponders real for the reader.
With that in mind, if you are not clamoring for a debate with someone else who is knowledgable on the ins and outs of Kierkegaard and Spinoza and are simply looking for a readable book that makes a real attempt of answering the big questions in life, this book is for you.
What I find interesting, and somewhat disturbing, is that many choose to deride this book because it doesn't agree with their notions of philosopy, but fail to grasp that the people who are most likely to read this book won't even be at the table to understand their objections to it unless they read it.
Probably no book has ever been more successful in interesting people in philosophy in the first place. So why are people who are interested in the subject eager to send them away because it disagrees with something they read in some banal tome?
Bottom line, if you ran across this book at your local bookshop or had it recommended to you by a friend, you must read it. It is an awesomely thought inspiring book and asks questions you never thought to ask or at least didn't know how to put your finger on. It's both a good novel and a great introduction to philosophy for people who have an interest in greater questions but not all the time to pursue them. I don't think you should worry about the fact that someone with a Masters Degree in Philosophy, or an equivalent knowledge, is bothered by the book. Also, I wouldn't be thrown by the title. The book isn't trying to sell you a newsletter or convert you to any church (despite the use of the phrase "The Church of Reason") and is only using a bit of Zen philosophy as a grounding for its premise.
Pirsig's premise does have a tendency to never be overtly stated, but I believe that he does this because he doesn't want it overly simplified in the way I'm about to do it.
Pirsig's premise is that we live in a world of both the "Classical" and "Romantic" or, as I'll simplify it, "function" and "form", respectively. Pirsig sees the problems in our world as the result of an overemphasis on form, when function is more essential. However, pure "function" has problems of its own. For example, our bodily organs carry out the function of allowing us to live, but one doesn't really desire for our skin to be translucent so we can watch these functions. In fact, we would have a revulsion to such a thing. Therefore, we have a combination of both of "form" and "function"; our organs work very well without our having to see them. This is the desirable state. This desirable state is called "Quality". Good "function" seems to bring about its own desirable "form". May the decorative towel be damned. That's grossly oversimplified, but there it is.
Finally, one shouldn't be thrown off Pirsig's premise by the fact that, quite frankly, he tends to be an impatient father and not very easy to get along with. While reading the book, it becomes apparent that Pirsig is sharing this with us because he is oblivious to it himself. He makes it obvious that he doesn't understand why no one is pondering the philosophical implications of repairing a motorcycle or why his young son isn't arriving at all of the conclusions he is, despite the fact his son is eleven. He seems to be trapped in the context of his own view of the world.
So, if you want to wade your way through all of the pontificating, please take the time to read "Zen and the Art of Motorcycle Maintenance". If you really, really like it, you'll have to read Pirsig's other book "Lila: An Inquiry Into Morals". Though "Lila" takes a narrative approach that's a bit less readable than "Zen and...", it gives a more comprehensive view of Pirsig's philosophy. Read both. Then you can debate with the philosophy majors.

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Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions

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Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Review

I have been thinking about economics seriously for nearly 30 years. Classical economics is built to no small degree on the notion that people will generally act in their own best self interest, after rationally and intelligently examining their options. This fit my world view fine in my first career as an engineer (BS and MS in Electrical Engineering).
From my 2nd Career as a Business Development person (MBA), I began to have to deal with people's tendency to not entirely think things through.
Here in this book, we have a professor who runs socioeconomic tests on his MBA students. These students are smart enough, worldly enough, experienced enough, and educated enough to approximate the standard economic assumptions and produce reasonably rational behavior.
Guess what. Even among broad experiments conducted on multiple MBA classes over time, one can predictably pre-bias the outcome of a particular run of a socioeconomic experiment by what seeds you plant in the class members' minds before the experiment. For example, in one experiment in estimating prices, the author requires his students to write the last two digits of their social security numbers on the top of the paper. Simply the act of writing a high number (e.g., 88) versus a low number (e.g., 08) produced statistically significant correlatable influences on the students' later price estimates. Those compelled to write "88" at the top of their papers would reliably estimate higher prices than those compelled to write "08" at the top of their papers, to a statistically significant degree.
Extrapolating to "real life." Watching Fox News will tend to make you more conservative without you knowing it. Watching MSNBC news will tend to make you more liberal without you knowing it.
If you want to understand "real truth," you are just going to have to do a little more than self-select your news feeds. You are going to have to seriously consider a diversity of viewpoints.
Moreover, if you have Social Darwinist beliefs as I once did, you may need to re-think the concept of the Poverty Trap. Early pre-conditioning really does make a difference.
Here is the way I think of it as an Engineer. Classical Economic Theory is analogous to Classical Newtonian Physics. There is nothing badly wrong with it, and it is a good approximation for most real world problems at the middle of the distribution.
However, General Relativity is indeed more correct that Classical Newtonian Physics, and the additional knowledge makes a real difference in certain special cases. And, those special cases are sometimes the really important ones. Likewise, Behavioral Economics is adding something very valuable to our knowledge of Classical Economics.
Read this only if you are brave enough to contemplate that the world might be a little more complex than we wish it were.

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38% Off Discounts: Best Price Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.) Review

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.)

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Freakonomics: A Rogue Economist Explores the Hidden Side of Everything (P.S.) Review

Steven Levitt, an economist at U Chicago, is less interested in numbers and more interested in why people turn out the way they do. He examines the influence of incentive, heredity, the neighborhood you grew up in, etc.
Some of his conclusions are less than earth-shattering. For example, African-American names (DeShawn, Latanya) don't influence African-American test performance. As a second example, Levitt compiled data regarding online dating websites and concluded that bald men and overweight women fared badly. Not rocket science.
However, Levitt livens up the book with some controversial discussions. He believes that the dramatic drop in crime in the 1990s can be traced to Roe v. Wade. He thinks that the children who would have committed crimes (due to being brought up by impoverished, teenage, single mothers) are simply not being born as often.
He also writes about the man who more or less singlehandedly contributed to the KKK's demise by infiltrating their group and leaking their secret passwords and rituals to the people behind the Superman comic book (Superman needed a new enemy).
Interestingly, he also discusses how overbearing parents don't contribute to a child's success. For example, having a lot of books in the house has a positive influence on children's test scores, but reading to a child a lot has no effect. Highly educated parents are also a plus, while limiting children's television time is irrelevant. Similarly, political candidates who have a lot of money to finance their campaigns are still out of luck if no one likes them.
In the chapter entitled "Why Drug Dealers Live With Their Mothers," Levitt explores the economics of drug dealing. An Indian, Harvard-affiliated scholar decided to get up close and personal with crack gangs and got some notebooks documenting their finances. Levitt concludes that drug dealers' empires are a lot like McDonald's or the publishing industry in Manhattan - only the people on the very top of the pyramid do well financially, while the burger flippers, editorial assistants, and low-level drug runners don't (indeed, some of them work for free, or in return for protection!)
Overall, this is a lively read, with some obvious conclusions and some not so obvious.

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