Paul Graham, Jessica’s husband and partner in Y Combinator, has tackled this subject on his website. “The biggest reason founders stop working on their start-ups is that they get demoralized,” he writes. “Some people seem to have unlimited self-generated morale. These almost always succeed. At the other extreme, there are people who seem to have no ability to do this; they need a boss to motivate them. In the middle there is a large band of people who have some, but not unlimited, ability to motivate themselves. These can succeed through careful morale management (and some luck).”
Joel Spolsky’s Secret to Start-up Success? Careful Morale Management.
Learned Today: Marginal Revolution: Utah (Montana) fact of the day
Utah (Montana) fact of the day
This one concerns adult entertainment:
Dividing state subscription counts by the FCC’s Broadband Deployment quantities, the most-subscribing state is Utah (where 5.47 of every 1,000 broadband households subscribed to the service at issue), while the least-subscribing state is Montana (1.92 per 1000 broadband households).
Marginal Revolution: Utah (Montana) fact of the day.
UPDATE:
my comment at the post:
I was originally thinking walras’ law but I think substitutes are more like it. Just as the other have already pointed. Although I sense a certain confirmation bias in all our comments concerning Utah.
Learned Today: Marginal Revolution: *Spin* magazine moves from a five star system to ten
I wanted to try the netflix challenge but never seem to have the time. This seems something that needs to be addressed. I’m a little busy right now so don’t know if this has already been addressed by netflix but this seems a too gross oversight from them.
Stole this from the comments of the previous linked marginal revolutions post.
Interesting — I have the opposite complaint about the Netflix 5-star rating system: I think it is too course. Why? Because even there are 5 ratings, it’s really effectively only 3 ratings if you only bother to rent movies you are actually willing to watch; the movies that I would give one or two star ratings to mostly go completely unwatched and unrated by me. As a result, if I am going to reserve the 5-star rating for movies I think of as truly excellent, most of the movies I watch end up with 3 or 4 star ratings — and as a consequence, Netflix’s *predictions* of ratings of films that I haven’t seen seem all to end up in the 3.3 to 4.5 star range. I suspect that the predictions would end up a little more accurate if I had a 3.5 star and 4.5 star rating available.
Marginal Revolution: *Spin* magazine moves from a five star system to ten.
rePost:Star System:Marginal Revolution: *Spin* magazine moves from a five star system to ten
What I do personally when I rate something is to put it in a 100 star system and then convert it to a 7 star system, (I remember reading a report that a 7 star system is less ambigous than a 5 or ten star system). This is logical to me because like a 5 star system there is a clear middle star and at least a choice in ranking somethign closer to average or closer to perfect/worst.
Yes they are putting their reputation on the line when they give ten stars, but this will happen so infrequently that it will be harder to judge their overall trustworthiness.
Evaluation systems with fewer and grosser distinctions are often more credible because they are easier to monitor.
Marginal Revolution: *Spin* magazine moves from a five star system to ten.
Learned Today: If It's Hard To Say, It Must Be Risky
These results show that people consistently classify difficult to pronounce items as risky, and this is the case for both undesirable risks (such as getting sick on a roller coaster or hazardous food additive) as well as desirable risks (such as an adventurous amusement park ride). These findings also suggest that risk perception may be influenced by the way the items are presented – if they are difficult to process (such as hard to pronounce names), they will be viewed as being inherently riskier. The authors note that these findings are relevant for risk communication and they suggest that difficult product names “may alert consumers to the risks posed by potentially hazardous products, possibly motivating them to pay closer attention to warnings and instructions.”
If It’s Hard To Say, It Must Be Risky.
Learned Today: Medvedev and Aso meet to discuss energy, economic cooperation – By Gregory Shtraks | FP Passport
Annual trade has now reached $30 billion, tripling in size since 2004. The first phase of the massively expensive ESPO pipeline, connecting oil reserves in Siberia with Russia’s Pacific coast, has been completed and the construction of phase two has been announced. This is rare good news for two economies that have been hit particularly hard by the global financial crisis.
But it’s still not all smiles between the two countries. The violent reaction of Vladivostok‘s workers to the imposition of a tariff on Japanese vehicles in late December displays the importance of Japanese commerce to Russia’s remote Far East provinces. More seriously,a Japanese ship carrying ¥12.8 million worth of medical aid at the request of Russian residents on the disputed Kuril Islands was turned away in January because the Japanese delegation refused to show disembarkation cards, a move that the Japanese consider tantamount to recognizing Russian sovereignty over the Kurils. T
The Japanese claim that the Kuril islands -currently under Russian control – are historically Japanese and were seized illegally by the Soviet Union at the end of World War II. The dispute over the islands has prevented Russia and Japan from signing a peace treaty and officially ending the war.
Until the Kuril issue is resolved, Japan and Russia will continue to be in the contradictory position of building ever closer ties while still officially fighting World War II.
Medvedev and Aso meet to discuss energy, economic cooperation – By Gregory Shtraks | FP Passport.
rePost: Better Press Corp Please:Chris Blattman's Blog: Heroes are born, not made
in the spirit of Brad Delong‘s Why Oh Why Can’t We Have A Better Press Corp!
The article is partly confusing or badly written.
the key paragraph to understand the way the writer tried to sensationalise this is
He said the research could lead to new training programmes – mental therapies or “push-ups” or medications to make others just as good at dealing with extreme stress.
“So much so we’re now getting to the point where we might be able to train people to do better under high stress and there might be ways to augment their hormonal system, mental health push ups might help to better deal with that stress.”
He said that it was not that the “heroes” were not scared but they just did not exhibit signs of panic.
and from the title
Heroes are born not made, scientists claim
Heroes are born not made, a study claims after it found some people just naturally have more grace under fire.
<Emphasis and underline mine>
They should have posted the actual statements of the study. for all we know Dr Aikins may be claiming this but from my reading of the article he was just saying some people are biologically well suited to handle stress! Maybe i am wrong but I believe i am closer to the truth here!
read the telegraph article here:
Heroes are born, not made
Professor Deane Aikins, a psychiatrist at Yale University, said a small minority of individuals remain cool even in the most stressful circumstances.
His findings, based on research with the military, found that some individuals did not panic because their body naturally protected them.
Unlike the majority of people who were flooded with a stress hormone, they had much lower levels and also showed signs of another hormone that actually calmed them down.
Chris Blattman’s Blog: Heroes are born, not made.
-rePost: Funny: So True:Learned Today-Marginal Revolution: Love Makes You Fat
Love Makes You Fat
Uri Gneezy and Jason Shafrin show that the more likely you are to get divorced or terminate your relationship the less likely you are to gain weight. We call this keeping one’s options open.
Marginal Revolution: Love Makes You Fat.
-Learned Today-Singing Together-Paul Kedrosky: Never Sing on the Trading Floor
ty to pk for the pointer
Synchrony and Cooperation
Scott S. Wiltermuth and Chip Heath
ABSTRACT
Armies, churches, organizations, and communities often engage in activities—for example, marching, singing, and dancing—that lead group members to act in synchrony with each other. Anthropologists and sociologists have speculated that rituals involving synchronous activity may produce positive emotions that weaken the psychological boundaries between the self and the group. This article explores whether synchronous activity may serve as a partial solution to the free-rider problem facing groups that need to motivate their members to contribute toward the collective good. Across three experiments, people acting in synchrony with others cooperated more in subsequent group economic exercises, even in situations requiring personal sacrifice. Our results also showed that positive emotions need not be generated for synchrony to foster cooperation. In total, the results suggest that acting in synchrony with others can increase cooperation by strengthening social attachment among group members.
Paul Kedrosky: Never Sing on the Trading Floor.
Learned Today – – Why the Catholic church can't ignore science – science-in-society – 06 February 2009 – New Scientist
The Catholic church has understood this in other contexts. Official Catholic doctrine, as outlined in the 2004 document Communion and Stewardship, accepts the reality of biological evolution, and that the theory of evolution is compatible with the Bible. It has had to recognise that it would be fruitless to claim that evolution is inconsistent with a belief in God, because evolution did occur and is the source of the diversity of life on Earth. A similar argument earlier led the Catholic church to accept the reality of a heliocentric solar system and the existence of other stars and galaxies.
Why the Catholic church can’t ignore science – science-in-society – 06 February 2009 – New Scientist.