which is ever since in the u k they banned smoking in public places i 've never enjoyed a drinks party ever again
sometimes you just want to stand in the corner and stare out of the window now the problem is
when you can 't smoke
if you stand and stare out of the window on your own you 're an antisocial friendless idiot
you 're a fucking philosopher
cannot be overstated what we have is exactly the same thing the same activity but one of them makes you feel great and the other one with just a small change of posture
makes you feel terrible and i think one of the problems with
classicaleconomics is it 's
absolutelypreoccupied with
reality and
reality isn 't a particularly good guide to human happiness why for example
both of them after all are in exactly the same stage of life you both have too much time on your hands and not much money
but pensioners are reportedly very very happy
whereas the
unemployed are
extraordinarilyunhappy and
depressed the reason i think is that the pensioners believe they 've chosen to be pensioners
whereas the young unemployed
an electric floor every now and then an electric shock is
applied to the floor
which pains the dogs the only difference is one of the dogs has a small
button in its half of the box and when it nuzzles the
button the electric shock stops
the other dog doesn 't have the
button it 's exposed to exactly the same level of pain as the dog in the first box but it has no control over the circumstances
generally the first dog can be
relatively content the second dog lapses into complete depression
the circumstances of our lives may
actually matter less to our happiness than the sense of control we feel over our lives it 's an interesting question
we ask the question the whole
debate in the
western world is about the level of taxation
but i think there 's another
debate to be asked which is the level of control we have over our tax money
that what costs us ten pounds in one context can be a curse
what costs us ten pounds
in a different context we may
actuallywelcome you know pay twenty thousand pounds in tax toward health and you 're merely feeling a mug
pay twenty thousand pounds to endow a hospital ward and you 're called a philanthropist i 'm probably in the wrong country to talk about
willingness to pay tax
because they are
actually the same thing what you call them
actually affects how you react to them
viscerally and morally i think
psychological value is great to be
absolutely honest one of my great friends a professor called nick chater who 's the professor of decision sciences in london believes that we should spend far less time looking into
humanity 's
hidden depths and spend much more time exploring the
hidden shallows
i think that 's true
actually i think impressions have an
insane effect on what we think and what we do
but what we don 't have is a really good model of human
psychology at least pre kahneman perhaps we didn 't have a really good model of human
psychology to put
alongside models of
engineering of neoclassical
economics so people who believed in
psychological solutions didn 't have a model we didn 't have a framework
this is what
warren buffett 's business
partner charlie munger calls a latticework on which to hang your ideas
engineers economists
classical economists all had a very very
robust existing latticework on which practically every idea could be hung
we merely have a
collection of
random individual insights without an overall model
and what that means is that
in looking at solutions we 've probably given too much priority to what i call
technicalengineering solutions newtonian solutions and not nearly enough to the
psychological ones you know my example of the eurostar
six million pounds spent to reduce the journey time between paris and london by about forty minutes for zero point zero one percent of this money you could have put wifi on the trains which wouldn 't have reduced the
duration of the journey but would have improved its
enjoyment and its usefullness far more
for maybe ten percent of the money you could have paid all of the world 's top male and
female supermodels to walk up and down the train handing out free chateau
emotionally
drivenpsychological ideas versus the way we treat
rational numerical spreadsheet
driven ideas if you 're a
creative person i think quite
rightly you have to share all your ideas for
approval with people much more
rational than you you have to go in and you have to
what they don 't say is well the numbers all seem to add up but before i present this idea i 'll go and show it to some really crazy people to see if they can come up with something better and so we
artificially i think prioritize what i 'd call mechanistic ideas over
psychological ideas
an example of a great
psychological idea the single best
improvement in passenger
satisfaction on the london
underground per pound spent came when they didn 't add any extra trains nor change the
frequency of the trains they put dot matrix display board on the platforms
because the nature of a wait is not just
dependent on its numerical quality its
duration but on the level of
uncertainty you experience during that wait
waiting seven minutes for a train with a countdown clock is less frustrating and irritating than
waiting four minutes
knucklebiting going when 's this train going to damn well arrive
here 's a beautiful example of a
psychologicalsolution deployed in korea
red
traffic lights have a countdown delay it 's proven to reduce the accident rate in experiments why because road rage
impatience and general
irritation are massively reduced when you can
actually see
the time you have to wait in china not really understanding the principle behind this they
applied the same principle to green
traffic lights
this is all i 'm asking for really in human decision making is the
consideration of these three things i 'm not asking for the complete primacy of one over the other i 'm merely
saying that when you solve problems you should look at all three of these equally
and you should seek as far as possible to find solutions which sit in the sweet spot in the middle if you
actually look at a great business you 'll nearly always see all of these three things coming into play really really successful businesses google is great great technological success but it 's also based on a very good
psychological insight
people believe something that only does one thing is better at that thing than something that does that thing and something else it 's an innate thing called goal dilution ayelet fishbach has written a paper about this
everybody else at the time of google more or less was
trying to be a
portal yes there 's a search
function but you also have weather sports scores bits of news
google understood that if you 're just a search engine people assume you 're a very very good search engine all of you know this
actually from when you go in to buy a television and in the shabbier end of the row of flat
screen tvs you can see are these rather despised things called combined tv and dvd players
and we have no knowledge
whatsoever of the quality of those things but we look at a combined tv and dvd
player and we go uck it 's probably a bit of a crap telly and a bit
rubbish as a dvd
player so we walk out of the shops with one of each google is as much a
psychological success as it is a technological one
i propose that we can use
psychology to solve problems that we didn 't even realize were problems at all this is my
suggestion for getting people to finish their course of antibiotics don 't give them twenty four white pills give them eighteen white pills and six blue ones and tell them to take the white pills first and then take the blue ones
it 's called chunking the
likelihood that people will get to the end is much greater when there is a milestone somewhere in the middle one of the great mistakes i think of
economics is it fails to understand that what something is whether it 's
retirementunemployment cost
is a
function not only of its
amount but also its meaning
this is a toll crossing in britain quite often queues
happen at the tolls sometimes you get very very
severe queues you could apply the same principle
actually if you like to the
security lanes in airports what would happen if you could
actually pay twice as much money to cross the
bridge but go through a lane that 's an express lane it 's not an
unreasonable thing to do it 's an economically
efficient thing to do
the only problem is if you introduce this economically
efficientsolution people hate it
because they think you 're
deliberately creating delays at the
bridge in order to maximize your
revenue and why on earth should i pay to subsidize your imcompetence on the other hand change the frame
slightly and create
charitable yield
management so the extra money you get goes not to the
bridge company it goes to charity
and the
mentalwillingness to pay completely changes
actually my pain
experienced in paying five pounds is not just proportionate to the
amount but where i think that money is going
there was a
discipline called praxeology which is a prior
discipline to the study of
economics praxeology is the study of human choice action and decision making
interestingly believes
economics is just a subset of
psychology i think he just refers to
economics as the study of human praxeology under conditions of scarcity
but von mises among many other things i think
uses an
analogy which is probably the best
justification and
explanation for the value of marketing the value of perceived value and the fact that we should
actually treat it as being
absolutelyequivalent to any other kind of value
we tend to all of us even those of us who work in marketing to think of value in two ways there 's the real value which is when you make something in a factory and provide a service and then there 's a kind of
dubious value which you create by changing the way people look at things
von mises completely rejected this
distinction and he used this following
analogy he referred
actually to strange economists called the french physiocrats
who believed that the only true value was what you extracted from the land so if you 're a
shepherd or a quarryman or a farmer you created true value if however you bought some wool from the
shepherd and charged a
premium for converting it into a hat you weren 't
actually creating value you were exploiting the shepherd
now von mises said that modern economists make exactly the same mistake with regard to
advertising and marketing he says if you run a
restaurant there is no
healthydistinction to be made between the value you create by cooking the food and the value you create by
sweeping the floor
one of them creates perhaps the
primary product the thing we think we 're paying for the other one creates a context within which we can enjoy and
appreciate that product and the idea that one of them should
actually have priority over the other is fundamentally wrong
try this quick thought experiment imagine a
restaurant that serves michelin starred food but
actually where the
restaurant smells of sewage and there 's human feces on the floor
the best thing you can do there to create value is not
actually to improve the food still further it 's to get rid of the smell and clean up the floor
and it 's vital we understand this if that seems like some strange abstruse thing in the u k the post office had a ninety eight percent success rate at delivering first class mail the next day they
decided this wasn 't good enough and they wanted to get it up to ninety nine
the effort to do that almost broke the organization
if at the same time you 'd gone and asked people what
percentage of first class mail arrives the next day the average answer or the modal answer would have been fifty to sixty percent
now if your
perception is much worse than your
reality what on earth are you doing
trying to change the
reality that 's like
trying to improve the food in a
restaurant that stinks
what you also notice is that in any case our
perception is leaky we can 't tell the difference between the quality of the food
and the
environment in which we
consume it all of you will have seen this
phenomenon if you have your car washed or valeted when you drive away your car feels as if it drives better
and the reason for this unless my car valet
mysteriously is changing the oil and performing work which i 'm not paying him for and i 'm
unaware of is because
perception is in any case leaky
生词表:
absolutely [´æbsəlu:tli] ad.绝对地;确实 (初中英语单词)reality [ri´æliti] n.现实(性);真实;逼真 (初中英语单词)whereas [weər´æz] conj.鉴于;因此;而 (初中英语单词)unhappy [ʌn´hæpi] a.不幸的;不快乐的 (初中英语单词)button [´bʌtn] n.钮扣 vt.扣上(扣子) (初中英语单词)actually [´æktʃuəli] ad.事实上;实际上 (初中英语单词)debate [di´beit] n.&v.讨论,辩论 (初中英语单词)western [´westən] a.西的;西方的 (初中英语单词)welcome [´welkəm] a.受欢迎的;可喜的 (初中英语单词)humanity [hju:´mæniti] n.人类;人性;仁慈 (初中英语单词)hidden [´hid(ə)n] hide 的过去分词 (初中英语单词)partner [´pɑ:tnə] n.伙伴 v.同….合作 (初中英语单词)collection [kə´lekʃən] n.收集;征收;募捐 (初中英语单词)female [´fi:meil] a.女(性)的 n.女人 (初中英语单词)driven [´driv(ə)n] drive 的过去分词 (初中英语单词)improvement [im´pru:vmənt] n.改进,改善,进步 (初中英语单词)satisfaction [,sætis´fækʃən] n.满意;满足 (初中英语单词)waiting [´weitiŋ] n.等候;伺候 (初中英语单词)solution [sə´lu:ʃən] n.解答;解决;溶解 (初中英语单词)traffic [´træfik] n.交通,运输 (初中英语单词)consideration [kən,sidə´reiʃən] n.考虑;原因;体谅 (初中英语单词)function [´fʌŋkʃən] n.机能;职责 vi.活动 (初中英语单词)screen [skri:n] n.银幕 vt.遮蔽 (初中英语单词)player [´pleiə] n.游戏的人;选手 (初中英语单词)suggestion [sə´dʒestʃən] n.建议,提议;暗示 (初中英语单词)amount [ə´maunt] n.总数;数量 v.合计 (初中英语单词)severe [si´viə] a.严厉的;苛刻的 (初中英语单词)security [si´kjuəriti] n.安全;证券;抵押品 (初中英语单词)slightly [´slaitli] ad.轻微地;细长的 (初中英语单词)management [´mænidʒmənt] n.管理;处理;经营 (初中英语单词)mental [´mentl] a.精神的;心理的 (初中英语单词)discipline [´disiplin] n.纪律;训练 (初中英语单词)explanation [,eksplə´neiʃən] n.解释;说明;辩解 (初中英语单词)distinction [di´stiŋkʃən] n.差别;特征;卓越 (初中英语单词)shepherd [´ʃepəd] n.牧羊人 vt.带领 (初中英语单词)advertising [´ædvətaiziŋ] n.广告a.广告的 (初中英语单词)restaurant [´restərɔnt] n.饭店,菜馆 (初中英语单词)healthy [´helθi] a.健康的 (初中英语单词)primary [´praiməri] a.主要的 n.居首位的 (初中英语单词)appreciate [ə´pri:ʃieit] v.评价;珍惜;感激 (初中英语单词)percentage [pə´sentidʒ] n.百分数;比例;部分 (初中英语单词)consume [kən´sju:m] v.毁灭;浪费;憔悴 (初中英语单词)mysteriously [mis´tiəriəsli] ad.神秘地;故弄玄虚地 (初中英语单词)relatively [´relətivli] ad.比较地;相对地 (高中英语单词)insane [in´sein] a.患神经病的;疯狂的 (高中英语单词)psychology [sai´kɔlədʒi] n.心理(学) (高中英语单词)alongside [əlɔŋ´said] ad.在旁 prep.横靠 (高中英语单词)engineering [,endʒi´niəriŋ] n.工程技术;工程学 (高中英语单词)random [´rændəm] n.偶然的行动 (高中英语单词)technical [´teknikəl] a.技术的;专门性的 (高中英语单词)enjoyment [in´dʒɔimənt] n.享受;愉快;乐趣 (高中英语单词)approval [ə´pru:vəl] n.赞成,批准,认可 (高中英语单词)underground [,ʌndə´graund] ad.&a.地下(的) (高中英语单词)dependent [di´pendənt] a.依赖的;从属的 (高中英语单词)saying [´seiŋ, ´sei-iŋ] n.言语;言论;格言 (高中英语单词)unemployment [,ʌnim´plɔimənt] n.失业;失业人数 (高中英语单词)efficient [i´fiʃənt] a.有效的,有能力的 (高中英语单词)deliberately [di´libərətli] ad.故意地;慎重地 (高中英语单词)revenue [´revinju:] n.税收;收入 (高中英语单词)equivalent [i´kwivələnt] a.相等的 n.同等物 (高中英语单词)sweeping [´swi:piŋ] a.掠过的 n.扫除;清除 (高中英语单词)decided [di´saidid] a.明显的;决定的 (高中英语单词)environment [in´vaiərənmənt] n.郊区;周围;条件 (高中英语单词)phenomenon [fi´nɔminən] n.现象;奇迹;珍品 (高中英语单词)classical [´klæsikəl] a.经典的;传统的 (英语四级单词)economics [i:kə´nɔmiks, i:,-] n.经济学 (英语四级单词)unemployed [,ʌnim´plɔid] a.闲着的,失业的 (英语四级单词)psychological [,saikə´lɔdʒikəl] a.心理学(上)的 (英语四级单词)warren [´wɔrən] n.养兔场;大杂院 (英语四级单词)rational [´ræʃənəl] a.(有)理性的;合理的 (英语四级单词)creative [kri:´eitiv] a.有创造力的;创作的 (英语四级单词)rightly [´raitli] ad.正义地;正确地 (英语四级单词)uncertainty [ʌn´sə:tənti] n.不可靠;不确定的事 (英语四级单词)impatience [im´peiʃəns] n.不耐烦,急躁 (英语四级单词)trying [´traiiŋ] a.难堪的;费劲的 (英语四级单词)portal [´pɔ:tl] n.(正)门;隧道 (英语四级单词)whatsoever [,wɔtsəu´evə] (强势语)=whatever (英语四级单词)rubbish [´rʌbiʃ] n.垃圾;碎屑;废话 (英语四级单词)retirement [ri´taiəmənt] n.退休;撤退;幽静处 (英语四级单词)bridge [bridʒ] n.桥(梁);鼻梁;桥牌 (英语四级单词)unreasonable [ʌn´ri:zənəbl] a.不合理的;荒唐的 (英语四级单词)charitable [´tʃæritəbəl] a.仁爱的;慈善的 (英语四级单词)experienced [ik´spiəriənst] a.有经验的;熟练的 (英语四级单词)premium [´pri:miəm] n.奖励;奖金;保险费 (英语四级单词)perception [pə´sepʃən] n.感觉;概念;理解力 (英语四级单词)unaware [,ʌnə´weə] a.不知道的;不觉察的 (英语四级单词)preoccupied [pri´ɔkjupaid] a.被先占的;出神的 (英语六级单词)extraordinarily [ik´strɔ:dənərili] ad.非常,特别地 (英语六级单词)depressed [di´prest] a.消沉的;萧条的 (英语六级单词)applied [ə´plaid] a.实用的,应用的 (英语六级单词)willingness [´wiliŋnis] n.情愿,乐意,自愿 (英语六级单词)robust [rəu´bʌst] a.强建的;茁壮的 (英语六级单词)duration [djuə´reiʃən] n.持久;持续期间 (英语六级单词)artificially [,ɑ:ti´fiʃəli] ad.人工地;假地 (英语六级单词)frequency [´fri:kwənsi] n.频繁;周率 (英语六级单词)knuckle [´nʌkəl] n.指关节 vi.屈从 (英语六级单词)biting [´baitiŋ] a.刺痛的;尖利的 (英语六级单词)irritation [,iri´teiʃən] n.(被)激怒;疼痛处 (英语六级单词)likelihood [´laiklihud] n.可能,相似性 (英语六级单词)analogy [ə´nælədʒi] n.类似;类推;比拟 (英语六级单词)justification [,dʒʌstifi´keiʃən] n.辩护;根据;缘故 (英语六级单词)dubious [´dju:biəs] a.怀疑的;可疑的 (英语六级单词)