quotes



On Experimental Economics
The logic of experimental method is straightforward. Experimental methods provide an important and inexpensive means for weeding out and improving bad theories. By studying the decisions of individuals motivated by real money within well defined and controlled institutional contexts one can gain deep insights about theories of economics and political processes that are routinely accepted by the research community and applied in vastly more complex contexts. General theories that cannot explain behavior in the simple and special cases are not general theories and once identified as such, can be either discarded or improved. In the laboratory the degree of success can be assessed and the nature of failures can be analyzed. Both the motivation and the institutional features can be changed to gauge the accuracy and robustness of models and the conditions under which they perform the best. Thus the laboratory not only provides the foundations for science it also provides a foundation for complex field applications.
~ Charles R. Plott

On Sticking to the Experiment Instructions Script
Ad libbing is for comedy, not for controlled experiments.
~ Timothy Cason, to Curtis in email





Sustained Motivation
Money - necessary but not sufficient for sustained motivation
- Autonomy 
- Mastery
- Purpose








Google's 8 Triats of Highly Effective Managers
  1. Be a good coach
    * Provide specific, constructive feedback, balancing negative and positive
    * Have regular one-on-ones, presenting solutions to problems tailored to the employee's strengths
  2. Empower your team and don't micro-manager
    * Balance giving freedom to your employees while still being available for advice
    * Make "stretch" assignments to help them tackle big problems
  3. Express interest in employees' success and well-being
    * Get to know your employees as people, with lives outside of work
    * Make new folks feel welcome, help ease the transition
  4. Be productive and results-oriented
    * Focus on what you want the team to achieve and how employees can help achieve it
    * Help the team prioritize work, and make decisions to remove roadblocks
  5. Be a good communicator and listen to your team
    * Communication is two-way: Both listen and share
    * Hold all-hands meetings and be specific about the team's goals
    * Encourage open dialogue and listen to the questions and concerns of your employees
  6. Help your employees with career development
  7. Have a clear vision and strategy for the team
    * Even amid turmoil, keep the team focused on goals and strategy
    * Involve the team in setting and evolving the team's vision, goals, and progress
  8. Have key technical skills, so you can help advise the team
    * Roll up sleeves and work side-by-side with team, when needed
    * Understand the specific challenges of the work


Kaizen (constant improvement) (hm?)
  • Standardize an operation and activities.
  • Measure the operation (find cycle time and amount of in-process inventory)
  • Gauge measurements against requirements
  • Innovate to meet requirements and increase productivity
  • Standardize the new, improved operations
  • Continue cycle ad infinitum









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