How to succeed in a startup business? Well, there is no cookie-cutter approach that works universally. Every business has a set of unique characterizing elements and has to find its optimal organizational balance. Notwithstanding the uniqueness of the success factors, which sometimes can be summarized with “luck”, there is an often overlooked commonality behind startup business failures which can be analyzed through behavioral lenses. A well-known statistic is that 9 out of […]
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Balance may be the key to success
Since Daniel Goleman published his best-selling book “Emotional intelligence” in 1995 and brought this concept to the attention of the public, it has been widely appreciated but also debated and criticized. Emotional intelligence refers to the ability to identify, express and manage one’s own as well as others’ emotions. Its four main components are self-awareness, […]
“Fools rush in where angels fear to tread.” —Alexander Pope “Why do fools rush in?” Maybe they suffer from availability bias, a simple rule of thumb or mental shortcut that causes people to estimate the probability of an outcome based on how prevalent or familiar that outcome appears in their lives. People exhibiting this kind […]
Some conspiracies are, to a certain extent, fun. Take, for instance, the absurd claims that Justin Trudeau, Canada’s prime minister, is an illegitimate son of Fidel Castro. The story went viral in 2018. It was quite inconsequential, and it seems fair to say that most of the people sharing it didn’t take it too seriously. […]
The Greek city-states, the “pòleis”, were designed, starting from the VIII century BC, with the aim of fostering the communal decisions and the sharing of philosophical knowledge. Almost thirty centuries later, our cities do not always seem to be planned to be people-oriented. On the contrary, our urban areas, which are home to more than […]
Imagine you are a leader of the group, a CEO of a well-known firm. Your job is to guide people to achieve something together. As a businessman first thing that pops into your head, in order to make people work harder, is the simplest way: I should pay them more. If I want a group […]
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Commitment contracts
A famous Norwegian proverb says: “Tomorrow I shall begin a better life. I think . . .” Probably everyone can somehow relate to this proverb – some of us want to quit smoking but fail, some of us want to exercise more but fail, some of us want to read more but fail. There are so many ways of how […]
It is always in the middle of exam session that you remember how tiring and boring studying can be. It is even more unnerving when, after studying day and night for weeks you do not get the results you hoped for. How did it happen, you might ask yourself, after all the work I have put into […]
The job recruitment process is a game. Precisely, a signaling game with asymmetric information. Hoping for a perfect match, both the job seekers and the companies looking for new talent signal their attractiveness to each other. Neglecting the in between the lines signals that are conveyed in job advertisements can deter top candidates from applying and reduce the diversity of the company’s biggest asset – […]
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On Fear of Missing Out
Have you ever found yourself scrolling through Instagram, watching stories: happy people, fancy dresses, delicious food, a cozy restaurant, mountains in the background, holding a glass of champagne? In the meantime, you are covered in blankets, watching Netflix, with a pack of cookies on your nightstand. You feel miserable: you’re sitting there doing nothing while […]
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