Mouth Watering Fat Bubbling Action

Published Saturday, July 29, 2006 by Chan Thai Long | E-mail this post

I'm reading Fooled by Randomness by Nassim Taleb. I have just started the book, so I am in no position to give a book report. I bought the book after hearing him give a talk which I thought was quite good (no one seems to ask me to give "a talk"...I wonder why?!?). Anyway, I digress...He mentions a phenomenon known to psychologists where most people would prefer to make $70,000 if everyone else was making $60,000 instead of making $80,000 if everyone else was making $90,000. Taleb was making a point about "pecking order". Money is important, but not in absolute terms, and even more to the heart of the matter, one's sense of self importance is a bigger motivator than money. So if you want to motivate someone to do something, think about how you can enhance their sense of importance...might not cost you a dime!

BTW, I feel The Game Part II coming on...

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Chan Thai Long is a Zen Monk of the Hanemono school who attained enlightenment during the Golden Week. He momentarily left the state of Nirvana to get a beverage and upon returning had insufficient funds for the cover charge. He maintains a monastery in the Peoples Republic of Toronto where he studies under his strict and wise master Thousand Fragrance Child.
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