Skip to main content

Posts

Showing posts with the label rationality

Just my thoughts #0170

The Japanese restaurant “Hyakushokuya” doesn't hire passionate people. The first recruiter was someone who left out his resume. There are only three menus, and only 100 bowls are sold daily. It's simple, so you learn things in a week even if you're not an expert. Still, the average daily revenue is 130,000 yen. The book's title published by founder “Akemi Nakamura” is “Let's Reduce Sales.” Against performance-oriented management policies. They want reasonable management activities suitable for fractions without overdoing it. However, it was the best-selling company during the Covid-19 pandemic crisis. - Joseph’s “just my thoughts”

Just my thoughts #0112

In 2002, Nobel Prize-winning economist Daniel Kahneman conducted an experiment called the “Dictator Game”. It was 1986. One of the two subjects was given $20 to share with the other. The first condition was that the recipient could exercise his veto power if he did not like the distribution ratio, and then, the ruler ensured that the giver did not have the money. The second condition eliminated the veto. In the first condition, most people who gave money were divided in half. In the second condition, however, the giver had about 70% and shared only 30%. Most people think of fairness to vested interests between 50% and 70%. But, in some cases, even though the recipient had a veto, the giver had 90% and wanted to share only 10%. At that time, it was beneficial for the recipient to receive at least 10%, but by exercising the veto power, the giver did not have the money either. This is the moment of conflict between justice and rationality. People do not make decisions based on reason alon