Chapter 2 – Fines vs. Fees: What Money Can[‘t] Buy, Part 2

In the first post in this series, I chewed on the material from chapter 1 of Professor Michael Sandel’s book, What Money Can’t Buy. The first chapter was all about jumping the line (or budding, as I remember it from my elementary school days). In Chapter 2, the theme was incentives. I had finished reading chapter …

Maybe We Don’t Need to Workout At All

About a week ago, I wrote a post about the perfect exercise routine. My point was that there is no universal perfect exercise routine because there are so many different people on the planet, but that there may be some universal principles that could be applicable across peoples. It turns out that one of those “perfect” …

Best Posts Written in 2012 at Genuine Thriving: Top Posts, Part 2

Yesterday, I detailed the top 6 posts for 2012 from Genuine Thriving. Since 5 of the top 6 posts in 2012 were from 2011, I thought it’d be good to look at those posts that were published in 2012. So, today, I’ll look at the top posts that were published in 2012 from Genuine Thriving …

The Marshmallow Study Revisited: Context Matters!

Have you heard of The Marshmallow Study? It’s a classic experiment in self-control. All kinds of longitudinal research was conducted on those who weren’t able to “control themselves” and wait for the second marshmallow. In fact, there was even a movie that adapted the crux of the marshmallow experiment and used it as part of …

Could “General Managers” Have Stopped JP Morgan’s Loss?

Jamie Dimon (CEO of JP Morgan Chase) has been in the news for the last couple of weeks and I’m sure he’d much rather not have been (at least not in the news for the reasons he and his firm are in the news). The short version: JPMorgan Chase says losses from a massive trading …

Operation Cat Drop: A Lesson in Externalities or Unintended Consequences

In the last 3+ months, I’ve been meaning to write a post about “Operation Cat Drop.” With my recent “unburdening” of having to write an “article,” I feel more comfortable recounting the story and adding a few of my ideas to the post. For those unfamiliar with the story of Operation Cat Drop, here’s a …