Posts tagged with marketing

Camille Ewald with Mike Tyson

[[MORE]]
Tyson with Robin Givens:

hi-res







Summary: skip to the pictures after the <big> text under heading 2.

11111111111111111

Since 2009, pundits have concerned themselves with economic inequality. Robert Reich’s infographic about the US I’ll treat as a summary.

Let me dummyise the opinionscape into three camps:

  1. John Galt. The etymology of aristo-cracy is “rule by the best people”. The market rewards output fairly. Tax the best people and you will drive them out of France and into perfect stateless seasteads. Lose them and you’ll be sorry.
  2. Maximilien de Robespierre. F—k the rich. They inherited their way to the top. Connections, luck, brown-nosing, and false confidence determine incomes more than "merit". The middle manager is no better than his underling. The applicant who got the job is no better than another applicant who was ignored. Guillotine the superfluous gentleman, the role will still be filled; the new girl may even do it better.
  3. Vilfredo Pareto. Hey—if the rich aren’t actively making the poor worse off, what does it matter?

The third view is the one I want to challenge just now.

image

When I see a manual farmer being destroyed by Nature, I feel:

  • privileged
  • guilty
  • sorry for the farmer
  • the longer I spent thinking about their suffering, the sorrier I feel
  • Why doesn’t somebody do something? They don’t need much. They just need a little help.
  • This is so unfair.

And somehow, gut reactions are part of real morality and ethics.

 

22222222222222222

So here’s my challenge to the Paretians. Which image galls you more:

  1. a farmer suffering from drought, with the whole community destroyed—families crying into each other in solidarity as they all lost pretty much everything
    http://upload.wikimedia.org/wikipedia/commons/5/54/Lange-MigrantMother02.jpg
    , or…
  2. next to the damned farmers weeping on their knees, stands the Monopoly Man, laughing, swirling a flute of champagne and recounting the fable of the grasshopper and the ant.

http://newsimg.bbc.co.uk/media/images/45437000/jpg/_45437836_farmerindiaafpgetty466.jpg
http://rootsblog.typepad.com/.a/6a00d834520e4069e2010534c9b759970b-pi
http://www.jesus-is-savior.com/Reaching_The_World/homeless_man.jpg
http://i182.photobucket.com/albums/x119/xofferson/monopoly_man-13539.jpg

http://www.tehelka.com/wp-content/uploads/2014/03/img26.jpg
http://slwakes.files.wordpress.com/2011/01/4209433153_f9c6877925_o.jpg?w=295&h=300
http://www.thiscantbehappening.net/sites/default/files/images/Officer%20Deprimo.jpg

To the extent that these gut reactions translate into legitimate morals, the Robespierreans win over the Galtists and over the Paretians.

http://24.media.tumblr.com/tumblr_m90j5qEmAd1rb86ldo1_400.jpg

Envy exists. From this one infers that when the rich get richer but the poor don’t, that their individual utilities can still drop. But let’s go beyond society-as-a-collection-of-independent-individuals.

http://theeconomiccollapseblog.com/wp-content/uploads/2010/03/Rich-Getting-Richer.jpg

The image of the Monopoly Man merrily dancing next to the poor (or even indifferently ignoring their plight) curdles the blood. Gucci little piggies go first against the wall for a reason.

Read More




Maybe she’s born with it. Maybe it’s Maybelline. Maybe the second line has to be sung in such a sweet voice because the underlying consumerist message is so ugly. The first line is whispered, like gossip, something women are known to do all the time; it’s actually genetically selected for by evolution. Maybe she’s born with that butt. Maybe it’s plastic surgery.




Eros and Magic in the Renaissance took magic seriously as a system of psychological manipulation that used the cravings and desires of its target—the “eros” of the title—to shape human behavior. It suggested on that basis that modern advertising, which does exactly this, is simply the current form of magic, and that contemporary Western nations are “magician states” governed by the magical manipulation of public consensus.

None of these ideas were new. [Ioan] Culianu got most of them from the same place he got much of his magical training, the writings of the renegade Dominican sorcerer Giordano Bruno, who ended a colorful career by being burnt at the stake for heresy in 1600. Bruno’s writings on magic describe magic in much the same way Culianu did, as a system of manipulation that casts out lures for nonrational desires.
John Michael Greer, Grand Archdruid of the Ancient Order of Druids in America

(Source: thearchdruidreport.blogspot.com)




You know what I notice when I watch street performers?

image

Besides the feats of superb human achievement, I mean.

I notice the way they handle crowds. The way they maximise their take for the same performance.

  1. The first principle it seems like they’ve learned is that a crowd attracts a crowd. If you can tell jokes or tease audience members or otherwise keep people drawn in and interested long enough to stand around and see what’s about to happen (see Ramit Sethi’s “dark secrets of long text” or “weight loss — just one more tip”) then more people will want to see “What’s everybody looking at? That must be interesting.”

  2. Of course, the larger the crowd, the larger the payoff—regardless of the skill or entertainment value of the performance per se.
    Fringe street performer
  3. The second principle it seems they do is to make the audience value the trick. If you’re going to ride a 10-foot unicycle and juggle torches at the same time,
    image
    you don’t just hop up and do it. You first pretend like it’s really hard for you to do some smaller trick, like riding a 4-foot unicycle.
    image
    After the audience has seen you struggle to get on and ride about, then they’ve realised how difficult it would be for them to do even the easiest version of unicyclery. Then you let on that you were just kidding and start doing some fancy tricks on the 4-foot unicycle, showing how smooth you are at it. A slow build until the final big trick—probably related to Kahneman’s findings on pain rememberance—will leave the audience with a better rememberance of the act and greater willingness to pay.
  4. Draw attention to yourself.
    image
    image
    image
    Obviously. No one’s going to pay you any heed if you’re just being normal.
  5. Ask for the money. 
    image
    Actually demand that people give you money. Make them admit this was pretty f***ing fantastic and they should, in fact, give you a few quid each. Don’t let people sneak off or if they do then publicly shame them. If you can make a “chute” where people exit in single file through just one way-out and it passes by the donation hat—or if you can put donation hats or smiling collection agents at every one of the finite exits—again you’ll increase your take, for the exact same performance.
    image
    The economics of this part aren’t hard to understand: people have just received something for free and they may be able to excuse themselves for getting an eyeful without reaching into the pocket.
    image

Not only do these successful street performers really have their economics down, they undermine the frequently repeated business advice or economic viewpoints “Work hard and you will succeed”.
image

According to this professional you need to be wily to survive in the real world (3:30), to keep your head above water (5:50):

We can measure the success of these street performers by their paycheques and we can measure their hard work by the fact that they perform impossibly hard feats.

image

Talent doesn’t sell itself. Skill doesn’t sell itself. Value doesn’t sell itself. Beauty sometimes sells it self, but not for the maximum profit that could be achieved by branding it well or tying it to something else that’s being sold.

image

That’s why when people equate hard work with money, I don’t see it.

You could easily do all of the training to

  • ride a 10-foot unicycle
  • swallow fire
  • contort yourself into a pretzel
  • trick people with legerdemain and psychological distraction
  • prove the twin primes conjecture

and never make any money from it.

Some people create a lot of value without receiving a reward.

image

And some people receive a lot of reward without creating value.

File:BernardMadoff.jpgFile:Ponzi1920.jpg
File:Pietro Longhi 015.jpg

Some people realise that becoming the CEO of a $30B company doesn’t actually require a technical college degree; it requires doing a lot of other stuff, trust in background being necessary but the background itself not being necessary.

image

We could argue philosophically about the definition of “value" and of "work”, but the street performers make it clear that you can do something really hard, be excellent at it, and make drastically more or less money—not based on your talent or skill, but based on your ability to extract dinero from a situation.




Perception is reality. Any beer drinker who is surprised that Guinness has a unique and excellent taste and PBR tastes exactly like Budweiser needs to switch to Guinness because your taste is objectively awful.
That&#8217;s why Guinness&#8217; branding is a seal with a ball and Budweiser needs to use bikini babes.

There&#8217;s something much deeper going on here, though: a fundamental problem with utility theory and hence, with economic theory. Kahneman &amp; Tversky pointed out that it&#8217;s wrong to think of preferences as being read off of a master list. But not only are they constructed in the elicitation process, they&#8217;re constructed before as well. You&#8217;re looking at experimental proof.

I tried to write about this before in the context of the famous Pepsi/Coke fMRI experiment, but it&#8217;s too hard. I want to tie in sardonic Don Draper quips, the invention of diamonds, and my own experiences of my desires and wants and dreams being formed by outside (and therefore, sinister?) forces rather than from truly &#8220;within me&#8221;  &#8212; whatever that might mean. Why do I want what I (think I) want? Even Doug Hofstadter treads tenderly around the topics of free will and one&#8217;s own true desires and self-determination and such.

I have no idea what my subconscious wants
— Cameron Guthire (@thiscameron)
June 27, 2013

Even though I feel that these things all belong together, I don&#8217;t understand it all well enough to put forward a thesis explaining the inchoatia. But even with just the few experimental examples we have, it&#8217;s clear that desires can be manufactured, and that there&#8217;s a lot of money to be made in doing so. So just with that basic knowledge the Lagrangian model of utility that underlies all of the Edgeworth boxes, welfare theorems, and so on is missing a crucial quality.  Namely, &amp;sym;1% of the global economy is spent on making people want things. That doesn&#8217;t bear on &#8220;utilitarian&#8221; products like oil, shipping, &#8230; but it definitely bears on aspiration and retail. I&#8217;m talking about circularity in the definition of value. If you can logic that one out, let us know.

?

Perception is reality. Any beer drinker who is surprised that Guinness has a unique and excellent taste and PBR tastes exactly like Budweiser needs to switch to Guinness because your taste is objectively awful.

That’s why Guinness’ branding is a seal with a ball and Budweiser needs to use bikini babes.

http://farm5.static.flickr.com/4050/4434090263_b8d52dcc74_o.jpg

There’s something much deeper going on here, though: a fundamental problem with utility theory and hence, with economic theory. Kahneman & Tversky pointed out that it’s wrong to think of preferences as being read off of a master list. But not only are they constructed in the elicitation process, they’re constructed before as well. You’re looking at experimental proof.

image

I tried to write about this before in the context of the famous Pepsi/Coke fMRI experiment, but it’s too hard. I want to tie in sardonic Don Draper quips, the invention of diamonds, and my own experiences of my desires and wants and dreams being formed by outside (and therefore, sinister?) forces rather than from truly “within me”  — whatever that might mean. Why do I want what I (think I) want? Even Doug Hofstadter treads tenderly around the topics of free will and one’s own true desires and self-determination and such.

Even though I feel that these things all belong together, I don’t understand it all well enough to put forward a thesis explaining the inchoatia. But even with just the few experimental examples we have, it’s clear that desires can be manufactured, and that there’s a lot of money to be made in doing so. So just with that basic knowledge the Lagrangian model of utility that underlies all of the Edgeworth boxes, welfare theorems, and so on is missing a crucial quality.  Namely, &sym;1% of the global economy is spent on making people want things. That doesn’t bear on “utilitarian” products like oil, shipping, … but it definitely bears on aspiration and retail. I’m talking about circularity in the definition of value. If you can logic that one out, let us know.

http://2.bp.blogspot.com/-grpfwNrz4dc/T_doHNKdxHI/AAAAAAAAFH8/QbIK0HTkiQU/s1600/Perception+is+Reality....jpg

?

(Source: ocw.mit.edu)


hi-res




[I]t is … anachronistic to apply the term artist with its modern connotation to Leonardo [da Vinci]. Artists in the sense that we understand and use the word, meaning practitioner of fine art, didn’t exist in Leonardo’s time. It would be more appropriate to use the word artisan in its meaning of craftsman or skilled hand worker.

In the historical literature ∃ a perfectly good term to describe Leonardo and his ilk, Renaissance artist-engineer, whereby one can actually drop the term Renaissance as this profession already existed in the High Middle Ages before the Renaissance is considered to have begun.

[T]he artist-engineers were … regarded as menials. An artist-engineer was expected to be a practical mathematician, surveyor, architect, cartographer, landscape gardener, designer and constructor of scientific and technical instruments, designer of war engines and supervisor of their construction, designers of masks, pageants, parades and other public entertainments oh and an artist.

The … polymath … that everybody raves about when discussing Leonardo … actually … perfectly normal … any Renaissance artist-engineer—the only difference being that Leonardo was better at nearly all of them than most of his rivals.

As far as his dissections and anatomical drawings are concerned these belong to the standard training of a Renaissance artist-engineer—the major difference here being that Leonardo appears to have carried these exercises further than his contemporaries and his anatomical sketches have survived whereas those of the other Renaissance artists have not.

Having denied Leonardo the title of artist I think it is only fair to point out that it was the generation to which Leonardo belonged who were the first to become recognised as artists rather than craftsmen and in fact it has been claimed that Raphael was the first artist in the modern sense of the word….

[an exhibition on da Vinci] emphasises the few occasions where Leonardo drew something new or unexpected whilst ignoring the vast number of scientifically normal or often incorrect drawings, thereby creating the impression that his anatomical drawings were much more revolutionary than they in reality were. Also whilst the drawings published by Vesalius in his De fabrica in 1543, i.e. a couple of decades after Leonardo’s death, are possibly not quite as good artistically, as those done by Leonardo, they are medically much more advanced.

Thony Christie (@rmathematicus)

(Source: thonyc.wordpress.com)




[I]t is incorrect, anachronistic and ahistorical to call anybody a scientist who lived and worked before 1834 when the term was first coined by William Whewell. It fact it is dodgy using it for people before about 1870 when the term [scientist] first really came into common usage.
Thony Christie (@rmathematicus), citing Rebekah “Becky” Higgitt

(Source: thonyc.wordpress.com)




sellthenews:

In May the Financial Times reported that Derwent Capital, the hedge fund that partnered with Johan Bollen and Huina Mao to trade the “Twitter Predictor” Strategy “shut down”. The official story is that Derwent’s Capital Markets’ Absolute Return fund opened for investments in July 2011, and…The official story is that Derwent’s Capital Markets’ Absolute Return fund opened for investments in July 2011, and shuttered after a single month, with reported returns of 1.86%.

There are a few oddities here:

  1. Why is the FT reporting in May 2012 that a hedge fund closed in August 2011?1 It would seem this is no longer news. To confirm this is not an error on the part of the Financial Times, I quote a ‘weekly sentiment email’ sent by Derwent Capital on June 6, 2012: “Some of you may have read about our Hedge Fund closing last year in press articles this week.” What? I just caught up on the news of this ‘moon landing’, and now you’re telling me there are more events happening in the world?
  2. As late as the end of March 2012, Derwent was posting performance numbers for managed accounts on their webpage. The reported performance was generally positive, but not consistent, with the spectacular performance promised by Johan Bollen. This period of Derwent’s existence has gone down the memory hole.

You can follow @shabbychef on twitter as well.