SDM featured in “The Upside of Irrationality”

Dan Ariely a behavioral economist from Duke mentions System Design and Management in his new book “The Upside of Irrationality”. In his book, a sequel to the New York Times bestseller “Predictably Irrational”, Ariely intertwines research with personal stories including stories of his time as a “lowly assistant professor at MIT”.

The story begins with “here is a story of a time when I lost my own temper” and describes a dispute between Ariely and a revered professor of finance, a former dean of Sloan, code named Paul, over a scheduling conflict of SDM classes. SDM students are described as curious and, reportedly, Ariely enjoyed teaching them.

This story is just an anecdote used as a preface to a chapter on fleeting emotions followed by impulsive acts. Ariely and his fellow behavioral economists construct amusing research to expose how we humans continuously fail to behave rationally. In these experiments subjects fold origami frogs, build Lego robots, put their hand in close to boiling water, and speed date.

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Metallurgist mods made with Sloyd

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The World of Zero Growth

Jay Forrester , the founder of System Dynamics, a man regarded by many as a legend, was a guest lecturer in SDM ’s System Design class. At 92, Forrester is still relentless at finding the true implications of public policies through system dynamic simulations and working to correct policy. His work in the 70’s and onwards on the limits to growth led him to believe that people are consuming and growing beyond the world’s capacity and that disastrous consequences will follow. The implication of this belief is harsh; humanity should stop striving for growth and instead maintain a net growth of zero. Most extreme opinions are a product of dichotomous “black and white” thinking. This case is entirely different. Extensive research, innovation and his boldness to face an unpleasant revelation created this extreme view. Forester realizes that it is futile to lobby for such changes. Policy makers cannot radically change the direction of policy without a strong support of constituents. T...

AA Problem

AA stands for Attention Allocation not Alcoholic Anonymous. Sorry for the deceiving eye catcher. PTT presentation is work I did in 2005 in the purely abstract edges of Operation Research. I uploaded a PPT presentation. The presentation is lighter and more colorful than the actual article. Warning you have to be a bit of a geek to press the link above. For the super geeks I put a link to the full article. It’s called “Attention Allocation to Partially Observable Heterogeneous Customers – with Imperfect Treatment”, Catchy? Full AA Problem article

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