Elink Pic::Because X is the new Why » Playing the Game

look at the pic from the linked site!!!

Playing the Game
By REGINA BAUTISTA
Reg of Cereal Saturdays (“A Weekend on a Weakday”) wanted to draw a comic about the awkward world of dating as a precursor to relationships, until she realized she never really dated. She is, however, awfully familiar with “The Game”, which will be discussed in further pictorial detail in today’s Show and Tell.
via Because X is the new Why » Playing the Game.

Research:: Taxis and Taxes :: Stumbling and Mumbling

Read the part of the post not quoted here. This is interesting but I think that a major problem to this is that cabbies are like salesmen in a way their actions translate to easily measurable stuff, other professions on the other hand are not as easy to measure. Take for instance bankers. How do you isolate how hard they work versus the money they get. The structure of compensation really is counter to what we want to measure. This is I believe the most important factor : Most of what people do cannot be tracked to what they earn. I believe how easy it is to see our actions translated to income  the easier the more similar people become to the actions of the New York cabbies.

Taxis and Taxes
What’s the difference between high earners and New York cabbies? This question is central to the issue of whether the new 50% tax rate will actually raise revenue.
I ask it because of this new paper (early version here) by Orley Ashenfelter and colleagues.
They studied how New York cab drivers changed their labour supply in response to the higher incomes caused by fare rises. And they found a negative elasticity, of around minus 0.2. That means a 10% rise in cabbies’ revenue per mile caused them to work 2% less.
This means we have a backward-bending labour supply curve, because the income effect outweighs the substitution effect.
Now, if what’s true of cabbies is also true of bankers, this implies that higher taxes on the rich might indeed raise revenue. This is because the immediate effect of such taxes is to reduce peoples’ incomes, so if the income effect is powerful – as it is for New York cabbies – they will work harder to recoup the money.
Hence my question: in what ways do high earners differ from cabbies?
via Stumbling and Mumbling: Taxis and Taxes.

rePost::7 Characteristics of a Broken, Undefined, and Unhappy Life – by Dumb Little Man

7 Characteristics of a Broken, Undefined, and Unhappy Life

Lost

We all have some characteristics that hold us back from the life we truly want to live. Motivational gurus constantly claim to have the answers and aren't shy about telling us to do this and that.

If you’re reading this, then it's quite possible that those things haven’t worked for you. The problem isn’t that these motivational teachers aren’t good, because most of them are. The problem is that most of us walk around with unresolved core issues and beliefs that are keeping us stuck.

I’ve gone through many of these characteristics myself. I have by no means overcome them, but I have progressively minimized the impact they have in my life. This is not a contest, there is no rush. As long as you’re taking small steps to improving yourself and getting closer to your goal, all is well.

This list is by no means complete, so when you’ve finished reading it, I want you to share your thoughts in the comments.

via 7 Characteristics of a Broken, Undefined, and Unhappy Life – by Dumb Little Man.

rePost::The discussant’s art – Chris Blattman

Nice list read the whole thing at the liniked site!!!!
A colleague and I were lamenting the state of paper discussants the other day. Seldom do we faculty teach graduate students how to be professionals. Even more seldom are we examples of brevity and wit. With that in mind, we came up with a list of tips for the budding academic:
10. Aim for profound. The best discussants rotate my brain 90 degrees. They reframe the problem, or propose a novel idea. I can’t tell you how to be deep. I seldom succeed myself. For me, a few things usually help. I read the paper, walk away for a day or two, then return. I ask myself questions: Do I think about a big question differently now? What convinces me, and what would convince me more? Where should the field be going?
via The discussant’s art – Chris Blattman.

rePost: The Democratic plan: Finish this bill – Ezra Klein

I’d rather call this the Simon Cowell effect but I’d also like to call it the American Idol Effect, Even the ShowTime effect (as in Anne Curtis Smith’s show hehehe). This is the way our media has been structured has been unforgiving to the people in center stage. Where we had more time to give judgment to people/policy/stuff in general , we are now expected to come up with judgment on such a small sample and a short amount of time. Great art is seldom done like this, In general Great Things are seldom formed like this.

That, of course, is the real plan: finish the bill. The Democrats have been roundly criticized for mishandling the politics of health-care reform, and those criticisms have often been justified. But there’s a larger truth, too: The only way to win this issue is to pass the bill. Their biggest mistake has been letting the legislation take so long. But that doesn’t mean they’ve failed. They fail if the bill fails, and they succeed if the bill passes. The progress has become slow and halting and unsteady, but they are still moving toward the finish line.
via Ezra Klein – The Democratic plan: Finish this bill.

Elink Video :: Jacqueline Novogratz on recognizing a linchpin

From Seth Godin’s Linchpin promotion. Love this series the posts and the videos.
The video is about being indispensable. For worker bees like me indispensable means better compensation and somewhat more security, for entrepreneur indispensable means success. Jacqueline Novogratz is well known for her development work and I believe she has spoken in a TED conference. Nice short video so please watch.

Jacqueline Novogratz on how to recognize a linchpin from Seth Godin on Vimeo.