Benefits of big city life - only for the elite
“The higher-than-expected economic outputs of larger cities critically depend on the extreme outcomes of the successful few."
Choosing a lucky CEO means bad luck for the hiring company
"Good luck allows CEOs to ‘shine’ in the labor market, making them more likely to leave their firm. The hiring companies, though, are not perfectly able to separate out luck from task performance in their candidate pool."
Experts don’t always give better advice—they just give more
Skillful performance and skillful teaching are not always the same thing, so we shouldn't expect the best performers to be the best teachers as well.
How organizations can encourage bursts of creativity
Hot streaks last about five years on average and directly result from years of exploration (studying diverse styles or topics) immediately followed by years of exploitation (focusing on a narrow area to develop deep expertise). Afterwards, individuals return to “normal” and no longer follow any pattern of exploration or exploitation.
Does testosterone influence success? Not much
Higher testosterone has often been linked to sporting and business success and most researchers have thought that the relationship between the hormone and success was causal. If you are blessed with the genes that drove higher levels of the stuff into the right parts of the brain you were set for life.
Higher income predicts feelings such as pride and confidence
The effects of income on our emotional well-being should not be underestimated - having more money can inspire confidence and determination while earning less is associated with gloom and anxiety. But money doesn't necessarily make a person more compassionate and grateful.
New leaders emerge as organizations go to virtual
With fewer cues available for human interaction and more opportunities for miscommunication, members of virtual teams identify leaders in significantly different ways compared to members of in-person teams.
Can't buy me love - or friendship
When people’s self-worth is contingent on money, they view their financial success as being tied to the core of who they are as a person. But much of what’s required to achieve success in the financial domain comes at the expense of spending time with family and friends.
Older entrepreneurs as successful as their younger counterparts
From Steve Jobs to Mark Zuckerberg, the stories of prosperous, young innovators drive the American economic narrative. However, the truth is that older business entrepreneurs may be just as well suited to success.
Job-related training perpetuates gender inequality
Employees who have ‘upgraded’ their professional knowledge and skills find it easier to manage problems both in their personal lives and in the workplace. However, the trend does not hold equally for men and women.
Science proves that what doesn't kill you makes you stronger
Failure early in one’s career leads to greater success in the long term for those who try again.
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