March 26, 2016
A shared universe is a set of creative works where more than one writer (or other artist) independently contributes a work that can stand alone but fits into the joint development of the storyline, characters, or world of the overall project. It is common in genres like science fiction. It differs from ‘collaborative writing’ where multiple artists are working together on the same work, and from ‘crossovers’ where the works and characters are independent except for a single meeting.
The term shared universe is also used within comics to reflect the overall milieu created by the comic book publisher in which characters, events, and premises from one product line appear in other product lines in a media franchise. The term has also been used in a wider, non-literary sense to convey interdisciplinary or social commonality, often in the context of a ‘shared universe of discourse.’
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March 24, 2016
Fika [fee-kah] is a concept in Swedish culture with the basic meaning ‘to have coffee,’ often accompanied with pastries or sandwiches. A more contemporary generalized meaning of the word, where the coffee may be replaced by tea or even juice, lemonade or squash for children, has become widespread. In some social circles, even just a sandwich or a small meal may be denoted a fika similar to the English concept of afternoon tea. In Sweden pastries in general (for example cinnamon buns) are often referred to as ‘fikabröd’ (‘fika bread’).
Fika is a common practice at workplaces in Sweden where it constitutes at least one break during a normal workday. Often, two fikas are taken in a day at around 9:00 in the morning and 3:00 in the afternoon. The work fika is an important social event where employees can gather and socialize to discuss private and professional matters. It is not uncommon for management to join employees and to some extent it can even be considered impolite not to join one’s colleagues at fika. The practice is not limited to any specific sector of the labor market and is considered normal practice even in government administration.
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March 20, 2016
‘You have two cows‘ is a joke comparing political systems that circulated throughout the US since around 1936 under the title ‘Parable of the Isms.’ A column in ‘The Chicago Daily Tribune’ in 1938 attributes a version involving socialism, communism, fascism and New Dealism to an address by lawyer Silas Strawn to the Economic Club of Chicago in 1935.
The joke always begins with ‘You have two cows…’ followed by a political system and its effect on the cows. For example, ‘socialism’ (the government takes one and gives it to your neighbor), ‘communism’ (you give them to the government, and the government then gives you some milk), fascism (you give them to the government, and the government then sells you some milk), and capitalism (you sell one and buy a bull).
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March 14, 2016
An impulse purchase is an unplanned decision to buy a product or service, made just before a completing an unrelated transaction. Research findings suggest that emotions and feelings play a decisive role in purchasing, triggered by seeing the product or upon exposure to a well crafted promotional message.
Impulse buying disrupts the normal decision making models in consumers’ brains. The logical sequence of the consumers’ actions is replaced with an irrational moment of self gratification. Impulse items appeal to the emotional side of consumers. Items bought on impulse are not usually considered functional or necessary in their lives. Preventing impulse buying involves techniques such as setting budgets before shopping and taking time out before the purchase is made.
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March 11, 2016
Liar’s Poker is a non-fiction, semi-autobiographical book by Michael Lewis describing the author’s experiences as a bond salesman on Wall Street during the late 1980s. Two important figures in that history feature prominently in the text, the head of Salomon Brothers’ mortgage department Lewis Ranieri and the firm’s CEO John Gutfreund. The book’s name is taken from a high-stakes gambling game popular with bond traders.
First published in 1989, it is considered one of the books that defined Wall Street in that era, along with Bryan Burrough and John Helyar’s ‘Barbarians at the Gate: The Fall of RJR Nabisco,’ and the fictional ‘The Bonfire of the Vanities by Tom Wolfe.’ The book captures an important period in the history of New York’s financial markets.
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March 8, 2016
To have a chip on one’s shoulder refers to the act of holding a grudge or grievance that readily provokes disputation. The expression comes from the ancient right of shipwrights within the Royal Navy Dockyards to take home a daily allowance of offcuts of timber, even if good wood had to be cut up for this purpose. The privilege was instated as a prescriptive right from 1634. By 1756, the privilege was costing taxpayers too much in lost timber for warship repair and construction, and a decision was then made by the Navy Board to limit the quantity a shipwright could carry home. A warrant was issued to the Royal Dockyards to reduce the quantity of chips by ordering shipwrights to carry their bundles under their arms instead of on their shoulders, as one could not carry as much timber in this fashion.
There was an incident on the very first day the law was enforced: ‘Then came John Miller, shipwright, about thirty feet before the main body of the people, on which the Master Shipwright ordered him to lower his chips. He answered he would not, with that the Master Shipwright took hold of him, and said he should. He, the said Miller replied, ‘Are not the chips mine? I will not lower them.’ Immediately the main body pushed on with their chips on their shoulders, crowded and forced the Master Shipwright and the First Assistant through the gateway, and when out of the yard give three huzzas.’
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March 5, 2016
Kindness priming is an affect-dependent cognitive effect in which subjects will display a positive affect following exposure to kindness. Individuals who are exposed to an act of kindness – the priming – subsequently notice more of the positive features of the world than they would otherwise. A person receiving a free voucher from a stranger, for example, may become more inclined to perceive the intentions of others around them as good.
It is hypothesized that kindness priming involves the same cognitive circuitry that enables memory priming. By activating neural representations of positive affect, an act of kindness stimulates increased activity in related associative networks. It is therefore more likely that subsequent stimuli will activate these related, positive networks, and so the positive affect continues to be carried forward in a feed forward manner. Additionally, kindness priming has also been shown to inoculate against negative stimuli in the short term, thus temporarily improving an individual’s resilience.
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March 4, 2016
Affective forecasting (also known as the ‘hedonic forecasting mechanism’) is the prediction of one’s affect (emotional state) in the future. As a process that influences preferences, decisions, and behavior, affective forecasting is studied by both psychologists and economists, with broad applications.
Psychologist Daniel Kahneman and business school professor Jackie Snell began research on hedonic forecasts in the early 1990s, examining its impact on decision making. The term ‘affective forecasting’ was later coined by psychologists Timothy Wilson and Daniel Gilbert. Early research focused solely on measuring emotional forecasts, while subsequent studies examined accuracy, revealing that people are surprisingly poor judges of their future emotional states. For example, in predicting how events like winning the lottery might affect their happiness, people are likely to overestimate future positive feelings, ignoring the numerous other factors that might contribute to their emotional state outside of the single lottery event.
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March 2, 2016
A sneakerhead is a person who collects, trades or admires sneakers as a hobby. The birth of sneakerhead culture in the United States came in the 1980s and can be attributed to two major sources: basketball, specifically the emergence of Michael Jordan and his eponymous Air Jordan line of shoes released in 1985, and the growth of hip hop music. The boom of signature basketball shoes during this era provided the sheer variety necessary for a collecting subculture, while the Hip-Hop movement gave the sneakers their street credibility as status symbols.
Several popular brands and styles of sneakers have emerged as collectors items in the sneakerhead subculture, including Air Jordans, Air Force Ones, Nike Dunks, Nike Skateboarding (SB), Nike Foamposites, Nike Air Max, and in the past few years, the Nike Air Yeezy. Shoes that have the most value are usually exclusive or limited editions. Also certain color schemes may be rarer relative to others in the same sneaker, inflating desirability and value. Recently, sneaker customs, or one-of-a-kind sneakers that have been hand-painted, have become popular as well.
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March 1, 2016
The bandwagon effect is a phenomenon whereby the rate of uptake of beliefs, ideas, fads and trends increases the more that they have already been adopted by others. As more people come to believe in something, others also ‘hop on the bandwagon’ regardless of the underlying evidence.
The tendency to follow the actions or beliefs of others can occur because individuals directly prefer to conform to social pressure, or because individuals derive information from others. The former has been used to explain Asch’s conformity experiments, a series of studies directed by Polish American social psychologist Solomon Asch studying if and how individuals yield to or defy a majority group and the effect of such influences on beliefs and opinions.
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February 27, 2016
Psychological pricing (also known as ‘price ending’ and ‘charm pricing’) is a pricing/marketing strategy based on the theory that certain prices have a psychological impact. Consumers tend to perceive ‘odd prices’ as being significantly lower than they actually are, mentally rounding to the next lowest monetary unit. Thus, prices such as $1.99 are associated with spending $1 rather than $2. Now that many customers are used to odd pricing, some restaurants and high-end retailers psychologically-price in even numbers in an attempt to reinforce their brand image of quality and sophistication.
In a traditional cash transaction, fractional pricing imposes tangible costs on the vendor (printing fractional prices), the cashier (producing awkward change) and the customer (stowing the change). These factors have become less relevant with the increased use of checks, credit and debit cards and other forms of currency-free exchange; also, the addition of sales tax makes the pre-tax price less relevant to the amount of change (although in Europe the sales tax is generally included in the shelf price).
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February 20, 2016
In marketing, brand management is the analysis and planning on how a brand is perceived in the market, with the goal of developing a good relationship with the target market. Tangible elements of brand management include the product itself (i.e. the look, price, packaging). Intangible elements include the experience that the consumer has had with the brand, and also their relationship with it. A brand manager would oversee all of these things. The modern discipline of brand management is considered to have been started by a famous memo at Procter & Gamble by Neil H. McElroy.
Marketing scholar Molly Hislop defined branding as ‘the process of creating a relationship or a connection between a company’s product and emotional perception of the customer for the purpose of generating segregation among competition and building loyalty among customers.’ It is a fulfillment in customer expectations and consistent customer satisfaction. Brand management aims to create an emotional connection between products, companies and their customers and constituents. Brand managers create strategies to convert a suspect to prospect; prospect to buyer; buyer to customer and customer to brand advocates.
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