Archive for September 17th, 2012

September 17, 2012

Osborne Effect

Osborne

The Osborne effect is a term referring to the unintended consequence of the announcement of a future product ahead of its availability and its impact upon the sales of the current product.

Pre-announcement is done for several reasons: to reassure current customers that there is improvement or lower cost coming, to increase the interest of the media and investors in the company’s future prospects, and to intimidate or confuse competitors. When done correctly, the sales or cash flow impact to the company is minimal, as the revenue drop for the current product is replaced by orders or completed sales of the new product as it becomes available.

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September 17, 2012

Self-defeating Prophecy

Year 2000 problem

A self-defeating prophecy is the complementary opposite of a self-fulfilling prophecy: a prediction that prevents what it predicts from happening. This is also known as the ‘prophet’s dilemma.’ A self-defeating prophecy can be the result of rebellion to the prediction.

If the audience of a prediction has an interest in seeing it falsified, and its fulfillment depends on their actions or inaction, their actions upon hearing it will make the prediction less plausible. If a prediction is made with this outcome specifically in mind, it is commonly referred to as reverse psychology. Also, when working to make a premonition come true, one can inadvertently change the circumstances so much that the prophecy cannot come true.

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September 17, 2012

Jonah Complex

Jonah Complex by Yoojin Guak

The Jonah Complex is the fear of success which prevents self-actualization, or the realization of one’s potential. It is the fear of one’s own greatness, the evasion of one’s destiny, or the avoidance of exercising one’s talents. Just as the fear of achieving a personal worst can motivate personal growth, the fear of achieving a personal best can also hinder progress. Although psychologist Abraham Maslow is accredited for the term, the name was originally suggested by Maslow’s friend, Professor Frank Manuel. The name comes from the Biblical story of Prophet Jonah’s evasion of the destiny to prophesy the destruction of Ninevah. Maslow states, ‘So often we run away from the responsibilities dictated (or rather suggested) by nature, by fate, even sometimes by accident, just as Jonah tried—in vain—to run away from his fate.’

Any dilemma or challenge faced by an individual may trigger reactions related to the Jonah Complex. These challenges may vary in degree and intensity. Such challenges may include career changes, beginning new stages in life, moving to new locations, interviews or auditions, and undertaking new interpersonal commitments such as marriage. Other causes include: Fear of the sense of responsibility that often attends recognizing our own greatness, talents, potentials; Fear that an extraordinary life would be out of the ordinary, and hence not acceptable to others; Fear of seeming arrogant, self-centered; and Difficulty envisioning oneself as a prominent or authoritative figure.

September 17, 2012

The Culture of Narcissism

Social Media

The Culture of Narcissism: American Life in an Age of Diminishing Expectations is a book by the cultural historian Christopher Lasch, first published in 1979. It explores the roots and ramifications of the normalizing of pathological narcissism in 20th century American culture using psychological, cultural, artistic, and historical synthesis.

The book proposes that post-war, late-capitalist America, through the effects of ‘organized kindness’ on the traditional family structure, has produced a personality-type consistent with clinical definitions of ‘pathological narcissism.’ This pathology is not akin to everyday narcissism — a hedonistic egoism — but rather a very weak sense of self requiring constant external validation. For Lasch, ‘pathology represents a heightened version of normality.’

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September 17, 2012

Compensation

Midlife Crisis

In psychology, compensation is a strategy whereby one covers up, consciously or unconsciously, weaknesses, frustrations, desires, feelings of inadequacy or incompetence in one life area through the gratification or (drive towards) excellence in another area.

Compensation can cover up either real or imagined deficiencies and personal or physical inferiority. The compensation strategy, however does not truly address the source of this inferiority. Positive compensations may help one to overcome one’s difficulties. On the other hand, negative compensations do not, which results in a reinforced feeling of inferiority.

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September 17, 2012

Superiority Complex

Illusory superiority

Superiority complex is a psychological defense mechanism in which a person’s feelings of superiority counter or conceal his or her feelings of inferiority. The term was coined by Alfred Adler, as part of his School of Individual psychology.

It was introduced in his series of books, including ‘Understanding Human Nature’ and ‘Social Interest’: ‘We should not be astonished if in the cases where we see an inferiority [feeling] complex we find a superiority complex more or less hidden. On the other hand, if we inquire into a superiority complex and study its continuity, we can always find a more or less hidden inferiority [feeling] complex.’

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September 17, 2012

Opportunity Cost

Utility

Time value of money

Opportunity cost is the value of the next best thing after making a decision; the utility of the decision has to outweigh the opportunity cost for it to be a good choice.

For example, opportunity cost describes leisure time given up to work, because leisure and income are both valued. Going to work implies more income but less leisure.

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