Showing posts with label Predictably Irrational. Show all posts
Showing posts with label Predictably Irrational. Show all posts

Tuesday, September 15, 2009

'you better cheat, cheat. no reason to play fair'

Re-reading Dan Ariely's 'Predictably Irrational' again. For the uninitiated, Dan is a professor of behavioural economics and the book features his stories of a number of 'experiments' undertaken in order to give a better understanding of the 'hidden' reasons humans behave and make decisions in the way they do.

In one small experiment described in the book, Dan and his colleagues placed 6-packs of Coca Cola in the communal fridges around a university campus. Within 72 hours all of the Coke's had been taken.
They followed this up by placing a plate with six dollar bills in the same fridges (the approximate monetary 'value' of the Cokes.
72 hours later the dosh was still there.

In simple terms Dan's experiment showed that humans have more propensity to 'cheat' or 'steal' items that are once removed from cash rather than actual cash.

That story got me thinking about this mornings story that Arsenal footballer Eduardo has had the 2 match ban imposed by UEFA - for his blatant 'dive' during the Champions League game against Celtic - repealed. Shocker.

In the end Arsenal comfortably won the tie without reliance on the penalty kick Eduardo gained by cheating, however, had the match been delicately poised at 0-0 it could have had wider implications.

I'm sure Eduardo would not have lifted a million quid out of the Parkhead petty cash box had he chanced upon it while limping down the corridor but the stakes are so high in modern football that there is a serious financial implication connected to winning and losing. Eduardo's £100k a week, or whatever, requires Arsenal to be competing in the Champions League, just as Celtic's P&L is hammered by non-qualification.

I'm an Aberdeen supporter, so why should I care about whether Celtic were cheated (and UEFA endorsed cheated) out of a million quid?

Interdependance. Nothing exists in a vacuum.
Celtic's failure to qualify will impact Scottish teams UEFA rankings (and hence the number of European places allocated to the SPL) so a 4th place finish that has previously guaranteed Euro participation may not be enough.

So Eduardo's cheating has potentially taken money out of the Scottish game as a whole (which it can ill-afford).

Dan points out in his book that perhaps the recent financial crash can in some way be connected to the financial fiddlings of yer Enrons being so removed from actual cash transactions that it doesn't feel like real money in real peoples lives or deaths. Hence the greater likelyhood of cheating.

Football is , of course, not a matter of life or death. It's much more important than that.

Monday, August 31, 2009

under new management...

The pub down the road from me is under new management again.

Routinely every 6 months or so some new management come in re-arrange the furniture, change the menu and post a sign outside saying 'under new management'.

It might be news for the new managers but for the rest of us it's become boring.
Particularly because; although the management may be new it's the same 20 regulars stood at the bar every day, hogging the pool table, the juke box, swearing, falling over and being generally offensive.

New clientele would be a more interesting statement than new management.
But the new management never have the balls to do anything about that.
It's just a different wrapper.

Wednesday, July 02, 2008

billy boy and predictably irrational

The latest developments in energy drinks move the focus from sports to other energy sapping activities.
Among the myriad of products in the sex-drive boosting drinks market are:
SexDrive (does what it says on the tin), Slumpbuster and...wait for it...Deep Throat.

The one that caught my eye (courtesy of trendhunter) is Billy Boy (see pic).
Each can comes wrapped with an individual condom attached.
The German firm that makes it are actually in the condom business so the drink is an added extra.

With that in mind I was interested to hear behavioural economist Dan Ariely talking about his new book 'Predictably Irrational: The Hidden Forces That Shape Our Decisions' on a recent episode of business book podcast Foreword Thinking. Among the questions asked in the book are; 'Do you know why we sometimes find ourselves excitedly buying things we don’t really need?'

Airley conducted various experiments in the research including some fairly unsavoury research around how sexually aroused male college students decision making processes were altered by their state of arousal.

Note: One handed computer keyboards were integral to the experiment.

According to review site bevnet Billy Boy doesn't actually taste that great but when theres a job to be done taste is the least of considerations...