My son recently taught me about better decision-making. He wanted to celebrate his birthday at California’s Great America amusement park with his closest friends. An imminent winter storm complicated the planning. While he and his friends were determined to go almost no matter the weather, I was hesitant. I psyched myself up for braving the […]
Football coaches are notoriously conservative play callers, especially at the professional level. While this behavior can produce sub-optimal game strategies, the precautions are understandable given the precarious nature of the job. A coach’s audience is prone to judge decisions by outcomes instead of the situation and information available at the time of the decision. Coaches […]
Source: Steve Jurvetson – Flickr: Bezos’ Iconic Laugh, CC BY 2.0 Jeff Bezos is known as the founder and CEO of Amazon.com (AMZN). The stock for his company is toying with the $1000 level for the first time ever and is close to pushing Bezos past Bill Gates as the world’s richest man. Source: FreeStockCharts.com […]
The “tragedy of the commons” (Garrett Hardin, 1968) is a concept in economics that describes how a group of self-interested individuals can destroy a shared (and free) resource. Hardin’s classic is example is a group of herders who destroy a pasture as each herder maximizes his/her number of grazing cows to make the most use […]
Disney has increased prices at Walt Disney World despite experiencing a drop in revenues last quarter. In its earnings reported July 30, the company had this to say about operating income: “Lower operating income at the Walt Disney World Resort was primarily due to decreased guest spending and lower corporate alliance income recognition, partially offset […]
