Wall Street has come a long way from the insider-dominated world that was blown apart by the Great Depression.
James SurowieckiBehavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer.
James SurowieckiPop music thrives on repetition. You know a song's a hit when you've heard it so often that you'll be happy never to hear it again.
James SurowieckiIf you work for Google or Apple, stock options give you a chance to share in the increasing value of the company. In the N.F.L., nothing like this happens; the players, though rich, are just working stiffs like the rest of us.
James SurowieckiThere are lots of people who believe there may be at least some genetic component to procrastination, and even if there isn't, it seems to be the case that procrastination habits are often set relatively early in life (that's certainly the case with me). But I also think that there's lots of evidence that external tools can help quite a bit in getting people to stop procrastinating.
James Surowiecki