How are CEO Compensation Packages Decided?
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Post No.: 0626   Furrywisepuppy says:   Fluffystealthkitten wrote about how astronomical the CEO-to-average-worker compensation ratio is in Post No.: 0604. I found it so intriguing that I wanted to know how CEO compensation packages are usually ultimately determined…   … Read More

Who Doesn’t Enjoy a Discount?!
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Post No.: 0615   Fluffystealthkitten says:   Several previous posts so far have explored negotiations mainly in terms of big items like when buying or selling a house or hammering out a salary package. But haggling should be a more … Read More

Cumulative Prospect Theory and Diminishing Sensitivity
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Post No.: 0610   Furrywisepuppy says:   ‘Cumulative prospect theory’ (and its predecessor ‘prospect theory’) modifies classical economic utility theory to take into account real human decision-making behaviours – particularly by accounting for reference points from which gains/losses are compared … Read More

Wealth Inequality and Executive Pay
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Post No.: 0604   Fluffystealthkitten says:   In surveys repeated in the US and UK, ~9/10 of us accept some wealth inequality in order to incentivise work – but not this existing gross level and rate of ever-widening inequality. Many … Read More

The Problem with Monopolies and Overly Dominant Firms
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Post No.: 0592   Furrywisepuppy says:   A pure ‘monopoly’ is when there’s only a single seller of a product in a particular market and there are no close substitutes. Because of this lack of competition and thus lack of … Read More

Concessions and Concession Patterns
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Post No.: 0582   Furrywisepuppy says:   When bartering, the way most concession patterns go is that the first concession is the largest, then further concessions gradually get smaller and smaller until it seems like it’s going to stop at … Read More

Is it Better to Have Tight or Slacker IPR Laws?
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Post No.: 0567   Fluffystealthkitten says:   Previously in this series of posts on the topic of global economic development (Post No.: 0547), I said that we’d extend on our examination on research and development, or R&D – more specifically … Read More

The Need for Pioneering Investment in an Economy
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Post No.: 0547   Fluffystealthkitten says:   Urbanisation and land rights were explored in Post No.: 0487 in this multi-post analysis on how countries tend to economically develop. Here we’ll continue to examine industrialisation a little further, with a focus … Read More

Coopetition, and the Difference Between Winning and Succeeding
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Post No.: 0541   Furrywisepuppy says:   Even in business contexts, being allocentric, which means being concerned with the interests of others (at least as much as one’s own), can bring advantages. For example, you’re very interested in using an … Read More

Pyramid, Ponzi and Multi-Level Marketing Schemes
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Post No.: 0529   Fluffystealthkitten says:   I’m going to talk about multi-level marketing schemes, pyramid schemes and Ponzi schemes so that we can watch out for them because they’re basically scams…   Multi-level marketing (MLM) schemes involve the direct … Read More

Tax Avoidance via Base Erosion and Profit Shifting
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Post No.: 0512   Furrywisepuppy says:   We want to avoid juridical (the same item taxed by multiple states) and economic (multiple people taxed on the same item) double taxation, as well as double non-taxation. For example, a person works … Read More

Nothing Can Be Said to Be Certain, Except Death and Taxes
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Post No.: 0507   Furrywisepuppy says:   Taxation does garner a lot of negative connotations, tax systems are typically complex, it can appear like we have an adversarial relationship with our governments, and we and the media tend to focus … Read More

Deadlines, Hidden Information and Lies
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Post No.: 0501   Furrywisepuppy says:   So your power in a negotiation comes from the strength of your BATNA(s) (‘best alternative to a negotiated agreement’) and the added value you bring to the table relative to others – therefore … Read More

Industrialisation, Urbanisation and Land Rights
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Post No.: 0487   Fluffystealthkitten says:   Last time on this topic of understanding a (typical or at least historically traditional) country’s path towards economic development, we looked at how our shared social identities and networks affect public policies (Post … Read More

Negative and Positive Externalities
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Post No.: 0476   Furrywisepuppy says:   ‘Negative externalities’ occur when the production or consumption of something causes any kind of cost to be passed onto a third-party. A classic example is air, water, land, noise or light pollution. Meanwhile, … Read More

Shared National Identities, Narratives and Norms
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Post No.: 0452   Fluffystealthkitten says:   We’ll continue on from Post No.: 0408, which demonstrated how power starts to transfer to ordinary citizens from the elites because of taxation. Without the need to collect taxes, there’s no need to … Read More

What’s Your Negotiation Style?
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Post No.: 0442   Furrywisepuppy says:   We last looked at reacting to ultimatums in Post No.: 0375. Here, we’ll go through the most common negotiation styles.   Competitive – win-lose. Has a high concern for getting what one wants, … Read More

Can Humans Be Considered Rational Agents?
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Post No.: 0435   Furrywisepuppy says:   Almost every decision in life is a gamble with varying odds – including eating that sandwich, crossing that road or deciding to stay in or go out tonight (even if there wasn’t a … Read More

Tax Havens are Basically Free-Riding Off Other Countries
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Post No.: 0426   Furrywisepuppy says:   The tax havens, or low-tax jurisdictions, that exist in the world today are all relatively small countries or territories, in terms of geography and population, for a reason – the world wouldn’t be … Read More

The Price We Pay for Our Illogical Behaviours
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Post No.: 0418   Furrywisepuppy says:   Here comes another selection of irrational or illogical behaviours when it comes to people and money (the last lot was presented in Post No.: 0389)…   People are less willing to give something … Read More

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