The Value of Pessimism

Smile Frown
To smile or frown?

I felt a bit vindicated to read in the Lexington column in The Economist‘s Christmas edition that two writers have decided to tackle ‘the American tendency towards mindless optimism’. Being a habitual pessimist it does feel good occasionally to read about people who are pessimists and stand up for their views instead of let themselves be bashed by optimists.

The two writers mock the optimists for being too positive and too dependant on positive thinking to help them in their lives, from defeating cancer to not gaining weight. I like that the example of the banking crisis was used to justify when one should listen to ‘the killjoys’ and stop letting the bubble inflate. Optimism apparently blinds sometimes, and this is where pessimism comes in. I like how one of the writers allude pessimism to ‘foul weather’ like thunderstorms: it might be dampening and depressing, but to some it refreshes and energises them. It can wake people up from their daydreams and their eternal sunshine (even though many people love thunderstorms because they can sleep comfortably through the cool weather).

But of course, there needs to be some optimism. Ultimately, Lexington argues that pessimism should be taken like a pinch of salt, just a pinch / ounce and not too much. For instance, one of the writers (a conservative) argues that mass immigration will not benefit America, but ultimately ‘America was built on the mass immigration of optimists’. I guess there needs to be a balanced dose of both sides.

On a side-note, reading The Economist makes me feel more and more pessimistic about the world… is it because of the coverage, or are world affairs really that gloomy and glum?

Corporate Responsibility

Corporate Social Responsibility
More ideas to have more trees

While we tinker with the idea that governments and politics are important sources of forces for the good when it comes to climate, corporations are already doing loads in the real world with the advent of Corporate Social Responsibility.

To be frank, CSR can sometimes be make-up for the company’s public face but there are still substantial number of firms who are doing real big good stuff and tackling different aspects of social costs the company might have inflicted on the society. Knowledge @ Wharton introduces the CSR moves of Campbell, which covers not only environmental actions but also social programmes (mostly to do with employees).

The Economist thinks little of CSR but highlights the ordinary good that firms and companies does by just doing their own stuff (manufacturing, marketting, improving, innovating). The newspaper argues that business people should probably trumpet these achievements of fostering innovation, cooperation between groups and individuals across the globe besides being so engrossed with CSR.

Sometimes I guess if you look on the bright side, everyone is probably doing good through being selfish – the central idea of economics.

Back in Competition

A recent article on Slate.com revisited the theme of competition, something I’ve been writing about (here and here) in response to their articles. Ray Fisman discusses studies on whether man or women are more competitive and whether any difference is explained by nature or nurture.

More importantly perhaps, he questions the significance of competition in our world and whether it is a good thing at all. I believe, like many other things, a balance has got to be struck somehow. Once we reach a certain threshold whereby competition achieves positive gains, its cost will start outweighing benefits.

Look whos trailing....
Look who's trailing....

But perhaps the problem isn’t one of female passivity—many have claimed that if women ran the world, there wouldn’t be any wars, and anyone who has read testosterone-driven Wall Street accounts like Liar’s Poker, or more recently House of Cards, might question whether all-out competition is the best way of managing our economy. If competition is nurture rather than nature, perhaps we’d all be better off if we lost a little of our warrior instincts.

I know it sounds rather like an economic analysis but this applies for practically everything. We are entering an age of sophistication where competition basically consist of sub-units of collaboration, which is in turn divided into sub-units of competition. Just think about it, when we work at a company, we may be competing with our colleagues for attention from boss but the whole department, together with the boss is collaborating to compete against other departments and other bosses to a higher level and the company on the whole is collaborating to compete against a rival company and the industry as a whole (perhaps beverages) is competing against another (say food, they’re all competing for consumers’ stomach space). Competition and collaboration are not ends of a spectrum but co-evolutionary forces that shapes the world and our sophisticated activities.

To Read, or Not

It sometimes appear to me amazing how highly people think of textbooks and course books. It makes me feel like writing one; perhaps one that teaches people when they should be using their textbooks. A textbook is basically course material that is used to teach you on a subject and when you have learnt about the stuff, there’s little need to do a wholesale revisit, unless you’re confident you’ve forgotten everything.

Why should you torture yourself by relearning everything you learnt and frustrating yourself with some minor definition deviations your memory have insisted upon and trying to ‘re-memorize’ the ‘right definition’? And more importantly, if you can learn the subject or whatever you’re trying to learn without a textbook, why bother to get one?

A textbook has a couple of main uses, some of which concerns the students and others are mainly preoccupations of teachers and textbook writers. The functions students are usually concerned about are explanation and representations while those teachers are interested is includes those, and in addition, the standardization function. It’s not difficult to see why this is so, students are hoping to learn something from the textbook; the explanations helps them understand and possibly provide them a means of explaining the concepts to themselves and others while the representation gives students a means of expressing the ideas and concept on paper (ie allowing them to take exams).

The teachers would love textbooks for those two facts since they relieve them somewhat of their teaching responsibilities but more importantly, it helps them standardize what their students learn and cope with queries that they might have. This is especially important for more contentious issues in the subject that has yet to be resolved by experts and the syllabus prescribes some default stand on the matter for time being.

As a student, one should see the textbook more as a guide than an authority and use it accordingly. Going through it once and understanding the concepts one seeks to master is basically all that the textbook should offer. A slow learner might revisit it a couple of times to grasp a concept or to master the explanations fully; and occasionally one could browse through it as a reference for the way they represent certain information (in the form of diagrams, charts and such) but it is difficult to gain anything more than that on repeated revisits to the textbook.

The ideal usage of a textbook is to synthesize the stuff from different sources together with it on your notes and chucking them aside when you’re doing your revision – rely just on your personal notes (those that aggregate information from your readings of textbooks, your prescribed readings and lecture notes). Of course, this advice is more for students who revise consistently and are wholly familiar with the content which they’re sitting an exam for.

Practical Intelligence

Not Acting Smart
Not Acting Smart

I got to know about this book through a friend who was exploring topics that ranged from manipulating personality test results to acting smart in front of employers. It’s a great boon that this is not the kind of book that teaches you to act smart. Karl Albrecht writes realistically about how we can go about making ourselves more intelligent in practical situations. There are many ideas in the book I’ve thought about previously but failed to put into concrete concepts as he did. I must say Karl did a wonderful job.

Like most of the other books on thinking, Karl discusses the make-up of the brains, the way different lobes on the brain controls different stuff and how they work together in concert and then he draws some meaningful speculation on the way we think. There are many speculations which are largely unproven in neuro-sciences but are well known in the field of psychology. Never mind the actual theories, Karl shows us how they might be useful for aiding us discover our mind’s potential. He firms up the concept of ‘Affirmative Thinking’, which I think is a very important idea in our lives. We’ve cease to be gatekeepers of our mind in this media age, often pushed around, influenced by the people who are in turn controlled by others around as well as prevailing culture and fads. To accept that we are often being bombarded by thoughts and ideas of others and we often take them as if they’re our own is the first step to controlling our thinking and helping us steer ourselves towards healthy thinking and mental habits.

Karl recommends simple methods to help us regain control of our minds and direct our attention so that we can tap on our mental habits, thinking preferences and styles to aid us with daily thinking, problem-solving and just plain existing in our complex world. I’m interested in the implication of Karl’s ideas on education and learning. He has another book I’m looking forward to read, Social Intelligence, which he actually wrote before this book.

Stressed? Just Smile!

What Stress?
What Stress?

I just finished The Economic Naturalist by Robert H Frank a couple of days back and one of the questions was why managers who believed in achieving improvements in performance of subordinates through threats and reprimand rather than praise and reward were more likely to be able to prove that they are right.

Professor Frank suggests that it was because the performance of people usually varies with time but stays the same on average without special effort to improve or skive. That means that when a person perform badly it could just be his particularly down period and after getting scolded from the manager his performance tend to return towards the mean and result in the improved performance the manager was hoping for. On the contrary, a person may perform exceptionally on an especially good day and get praised for his work only to have his performance return to its mean, which means poorer than before the manager’s rewards/praise. A manager who believes praise and reward yields better returns would thus have little means of proving he is right and so is unfairly proven wrong.

The truth seems more complex than just that. As this article from Harvard Business Review suggests, sensitivity to the anger or happiness of the manager or boss depends partly to the stress levels experienced. So from the perspective of the employer or manager, it is wise to inject more praise and rewards during high stress periods. Never mind the low stress periods when employers are slacking around.

Human behaviours and the motivations behind them are great subjects to study. This gives me the chance to introduce the publication, Psychology Today, which recently featured something really useful for people working in the business world (and perhaps even in academia). Confidence in yourself and your ideas really counts when it comes to presentations. So you will really have to work on yourself to get your ideas accepted. Check out the publication site for more of such tips to help discipline, aid and make sense of your mind.