The World's Best Book Summaries
What is loan risk? How does loan risk affect the outlook for taking out student loans and mortgages? Loan risk is any potential pitfall of issuing a loan. Borrowers get poorer terms when the lender sees risks. Read on to understanding loan risk and the impact on borrowers for student loans and mortgages.
What is the Reflective System? How does it differ from the Automatic System? The Reflective System is the type of thinking that is deliberate. In contrast, the Automatic System has instinctive thinking. Both systems are a part of how we make decisions. Read more about the Reflective System.
What do you do once you have a product? Do you know how to build a customer base? Knowing how to build a customer base is an essential skill for getting a business off the ground. Loyal customers will keep your business going and bring in new customers. Read more about how to build a customer base.
What is the spotlight effect? How does the spotlight effect relate to social influence? The spotlight effect is the usually mistaken belief that others are watching and judging you. You feel like you’re in the spotlight, and this changes how you behave. Read more about the spotlight effect and how it alters behavior.
What are some strategies for self-control? What is the difference between internal and external self-control? Strategies for self-control are tactics used to encourage better behavior or restrain yourself from bad habits. Strategies for self-control may be imposed by you or by others on you. Keep reading to learn about internal and external strategies for self-control.
What is the Hooked investment strategy? What is the relationship between investment and perceived value? In Hooked, investment increases perceived value. When a user invests in a product, they are less likely to move to a different product. Read more about Hooked, investment, and perceived value.
What are nudges? What does it mean to nudge someone, and how do nudges work? Nudges are methods for encouraging people to make better decisions without forcing them. The concept comes from the book Nudge by Richard Thaler and Cass Sunstein. So, what are nudges? Read on to find out with a list of 11 examples of nudges from a variety of backgrounds.
Is Orange Is the New Black a true story? What is the real story of Piper Kerman? Many fans of the hit Netflix show wonder: is Orange Is the New Black a true story? Piper Kerman’s memoir of the same name is in fact a true story, and she discusses her time in prison as well as systemic issues. So is Orange Is the New Black a true story? Read to find out more.
What is the connection between The Glass Castle and alcoholism? How does the Walls family deal with alcoholism in the book? In The Glass Castle, alcoholism is an important theme. The Walls family suffers the effects of Rex Walls’ alcoholism, and as a result, the children go hungry, fend for themselves, and deal with abuse and neglect. Read more about The Glass Castle, alcoholism, and Jeannette Walls.
What is the status quo heuristic? How does it influence decisions? The status quo heuristic is a mental shortcut where people opt to stick with their current situation. This biased thinking can prevent necessary action. But the status quo can be harmful. Read on to understand the status quo heuristic and the status quo bias.