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Biggest natural experiment is underway
Scientists run experiments in small, artificial labs with limited and constrained budgets. A few thousand dollars and a small sample size.
Coronavirus has made our whole world a natural lab, financed by trillion of dollars with billions of real people in this study.
This natural lab will provide many new insights over few next days to coming decades...
• How different countries fought this virus? (draconian to nudge interventions)
• Who was successful and how?
• Who emerged as the new winner?
• When did the best minds develop the vaccine?
• What will it take to improve the planets once again?
• How will be the wealth redistribution post this event?
• How humans coped with isolation?
• Did they experience behavioral fatigue?
• How did the event impact intimation, violence, births.. ?
• What new business models emerged?
• Many more.....
What are your observations? What is your insight on the biggest natural experiment?
Photo Adaptation https://pixabay.com/users/wikiimages-1897/
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Negotiation is an important life skill
We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.
If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.
“You don't get what you deserve. You get what you negotiate.” Chester Karrass
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