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Saturday, January 15, 2011

The Nature of Green


We see different kind of colors everywhere but some of us unaware of its effect on our daily lives. It influences and changes our mood and state of mind. Those colors have meanings and effects on us physically and emotionally. Do you know that there is a color that has a power of healing? It’s the color green.

Read more ==> The Nature of Green

Does a CEO Have to Share His or Her Medical Condition with the Markets?: The Case of AIG CEO Richard Benmosche


American International GroupImage via Wikipedia


Cancer. Of course, it can be horrible news for an individual and their families. And it can be for shareholders as well. However, is it their business - do they have a right to know when the CEO is ill? Consider the case of AIG CEO Richard Benmosche. Watch below and comment here on the blog:




David Wyld, Professor of Management
Southeastern Louisiana University

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The Black Swan Events of 2011? - FoxBusiness.com








Economists are always right, right? Well, in this article, Economist Ed Yardeni spotlights three possible "black swan" events that could shape 2011 and beyond.Read below and comment here on the blog:




The Black Swan Events of 2011? - FoxBusiness.com





David Wyld, Professor of Management
Southeastern Louisiana University


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For the love of writing.

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http://bookstove.com/children/the-secrets-of-an-author/

Is writing a science or an art? Can we use the writings of an individual to measure the true depth of the subconscious – Intelligence – Imagination – Bias and Prejudices?

Writing is different from one individual to another, I want to give you a firsthand impression of mine.

Authoring is my game. My writing definitely comes from my subconscious and what I write is often a great surprise to me. Who among us knows his or her own subconscious in detail and depth? Not one, I suspect.

First book in a series.

I begin a novel with a vague idea and let it develop before my very own eyes as I become engaged with haste, so that I too can see the outcome of an adventure, a scene or an ending. Then, when I reread what is written, I am often amazed that it was no one, but me, who produced a book that could be enjoyed by others and who in most cases are just as interested in the development as the author.

Read more: http://bookstove.com/children/the-secrets-of-an-author/#ixzz1B9TJbT3v

Pay Your Own Price Works: Evidence from the World of Roller Coasters


A very interesting article from Joe McKendrick, in what is called the "Business Brains" column of SmartPlanet. We've all been to amusement parks such as Disney and Universal (and now a while host of others) where at the end of the roller coaster or other thrill ride (and even some not-so-thrilling rides), you are presented with the option of buying photo products as the automatic camera snaps an "action shot" of you and your family. It's not exactly a "value proposition" for Moms and Dads, as prices tend to be - shall we say - on the high side. Now, three researchers from the University of California-San Diego have published the findings of a novel study they conducted at an unnamed amusement park in their area. Rather than charging stock prices, the amusement park allowed customers to set their own price on what they would be willing to pay for their photos. Here is a synopsis of what they found:

“The authors set up their pricing experiment at the exit of a roller-coaster ride at a large amusement park. Riders were offered a photograph of themselves, snapped mid-coast. The usual price was $12.95, but on one day riders were told they could pay what they wished, including taking the photo for free…. Allowing customers to set the price dramatically increased the percentage of buyers—from less than 1% to 8%. Even accounting for those who took a free photo, the amusement park collected more revenue on the pay-what-you-want day than when selling for the usual fixed price....when customers were informed that half the money they paid would go to a charity, revenues tripled.

You can read the complete article below:

Experiment: does it pay to let customers set their own prices? - SmartPlanet

So, allowing buyers to have a say on pricing actually works - even in the world of make believe!


David Wyld, Professor of Management at Southeastern Louisiana University and Director of the Reverse Auction Research Center (http://www.reverseauctionresearch.com/)

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Unshed Tears

Lots of us people hate rainy days.
But there are some people who like it.

Here's one of the reason. -==> Unshed Tears