REAL-WORLD INSIGHTS

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Published: Oct 27 , 2016
Author: Alan Smith

What do Joni Mitchell and Boris Johnston have in common? Well very little I suspect, but they do both share an interesting way of looking at issues before finally making up their minds. “Both Sides Now” is one of Joni Mitchells most famous songs and appeared on her 1969 Album, Clouds. She says that she has investigated life, love and clouds from both sides, the inspiration being that she was on a transatlantic flight and looked down on the clouds rather than the more customary up. Boris Johnson was quoted in the press this weekend of having a similar way of making up his mind when considering his view of whether to support Britain’s In or Out vote over the now decided Brexit.

Published: Jul 28 , 2016
Author: John McMillan

Over the last 40 years I have observed more than 5,000 hours of negotiation in over 30 countries and that has taught me the about the fatal errors that cause negotiations to fail. For the purpose of this blog I shall limit myself to the top five and see how many of these might be present in the UK’s attempt to extricate itself from its 43-year relationship with the European Union.

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Warm Water

In his excellent book Homo Deus Yuval Harari describes an experiment conducted by Daniel Kahneman, who won the Nobel Prize in Economics in 2002. A group of volunteers were asked to take part in a ‘short’ experiment - they were to place one hand into a bowl of water at an exact 14C (cold enough to be quite unpleasant) for 60 seconds. The same group were also asked to take part in a ‘long’ experiment – to place their other hand in a bowl of water at 14C for 90 seconds. However, unknown to the volunteers, a small amount of warmer water was added to this bowl in the last 30 seconds which raised the temperature to a slightly warmer 15C. Some did the ‘short’ experiment first, others did the ‘long’ experiment first...

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