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The Voltage Effect PDF

Features of The Voltage Effect PDF

The Voltage Effect PDF -National Best Seller A leading economist answers one of today’s trickiest questions: Why do some great ideas make it big while others fail to take off?

“Brilliant, practical, and grounded in the very latest research, this is by far the best book I’ve ever read on the how and why of scaling.” (Angela Duckworth, CEO of Character Lab and New York Times best-selling author of Grit)

One of the Most Anticipated Books of 2022 – Men’s Journal

“Scale” has become a favored buzzword in the startup world. But scale isn’t just about accumulating more users or capturing more market share. It’s about whether an idea that takes hold in a small group can do the same in a much larger one – whether you’re growing a small business, rolling out a diversity and inclusion program, or delivering billions of doses of a vaccine.

Translating an idea into widespread impact, says University of Chicago economist John A. List, depends on one thing only: whether it can achieve “high voltage” – the ability to be replicated at scale.-The Voltage Effect PDF

In The Voltage Effect, List explains that scalable ideas share a common set of attributes, while any number of attributes can doom an unscalable idea. Drawing on his original research, as well as fascinating examples from the realms of business, policymaking, education, and public health, he identifies five measurable vital signs that a scalable idea must possess, and offers proven strategies for avoiding voltage drops and engineering voltage gains. You’ll learn:

  • How celebrity chef Jamie Oliver expanded his restaurant empire by focusing on scalable “ingredients” (until it collapsed because talent doesn’t scale)
  • Why the failure to detect false positives early on caused the Reagan-era drug-prevention program to backfire at scale
  • How governments could deliver more services to more citizens if they focused on the last dollar spent
  • How one education center leveraged positive spillovers to narrow the achievement gap across the entire community
  • Why the right set of incentives, applied at scale, can boost voter turnout, increase clean energy use, encourage patients to consistently take their prescribed medication, and more.

By understanding the science of scaling, we can drive change in our schools, workplaces, communities, and society at large. Because a better world can only be built at scale.

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Description of The Voltage Effect PDF

The Voltage Effect PDF  is one of the best medical books for students and professionals on the subject of Psychology . It is a must download.

The Authors

The Voltage Effect PDF Professor John A. List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago. His research focuses on combining field experiments with economic theory to deepen our understanding of the economic science. In the early 1990s, List pioneered field experiments as a methodology for testing behavioral theories and learning about behavioral principles that are shared across different domains. He co-authored the international best seller, The Why Axis, in 2013. List was elected a Member of the American Academy of Arts and Sciences in 2011, and a Fellow of the Econometric Society in 2015. List received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy.

Dimensions and Characteristics of The Voltage Effect PDF

  • Listening Length8 hours and 26 minutes
    AuthorJohn A. List
    NarratorWill Damron
    Whispersync for VoiceReady
    Audible.com Release DateFebruary 01, 2022
    PublisherRandom House Audio
    Program TypeAudiobook
    VersionUnabridged
    LanguageEnglish
    ASINB0979KTYJR
  • Book Name : The Voltage Effect PDF

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Top reviews

Brian LaRocca “An analysis of what ideas tend to scale well and what to be cautious of when developing a concept. The first half of the book looks at some telltale signs: 1) false positives, 2) understanding TAM,3) diagnosing scalable factors 4) spillovers 5) rising costs. While this all sounds clear, I found the author’s ordering too complicated to follow. This book is best thought of as a bunch of interesting anecdotes from his many years of research.

For instance, the third leading cause of death are medical errors. Most developmental economics studies focus too much on similar cohorts leading to unscalable poverty reduction efforts. Quality fade is ripe in service sector companies as multiple branches drift from their initial mission. The Peltzman Effect negates a lot of direct benefits of an implemented policy. Moral licensing is the idea that doing something altruistically means the doer feels less inhibited about future bad behavior.

The two best pieces of advice were clawback bonuses and understanding marginal benefits. The former pays a bonus upfront and then claws it back if a metric is not met which takes advantage of people’s aversion to loss. The latter asks that each additional amount of resources spent have a payoff commensurate to other alternatives. While this sounds obvious, how often do companies waste time squeezing the last bit of juice out of an established idea rather than reallocating to more promising”

 

Risa Stein “I pre-ordered and was excited to receive this book. As an academic researcher and entrepreneur launching a startup, I was looking for insights from a renown economist. But, I must say I was very disappointed. First, it’s way too biographical. The lessons the author learned through his work at the White House , Uber, Lyft and through other field studies could have been detailed without delving so deeply into his personal experiences.

Second, the lessons, while interesting from an economic perspective, were rarely couched in ways that would provide insight to startups looking to scale. The information was rather generically presented and not nearly as detailed or instructive as it could have been.

I feel like this could have been a much more interesting book had it been co-authored by someone who had actually started and grown a business from inception. John List has not presented Voltage well through the eyes of an entrepreneur. The information was far more ‘basic’ science than ‘applied’ science with regard to actually scaling. In fact, the term ‘voltage’ seems, at times to be used rather academically or generically rather than instructionally with regard to scaling rather than growth (which he does not really distinguish between despite there being a tremendous difference in the startup vs. corporate world).

If you’re an entrepreneur looking to launch your startup and seeking advice, look elsewhere. There are many books better suited to scaling than this one.”

 

Mandrake “This was a book club choice, and one of the best that we have read in recent years. I would recommend it to everyone, but particularly those with strong and confirmed moral or political convictions. It will change your views about religion and politics, and hopefully make you more tolerant of other peoples perspectives. Here are my notes:

Haidt: The Righteous Mind
Overall
This was one of our best recent book club choices. It was well written, clear and thought provoking. The main point of the book to me was to demonstrate that morality has a social purpose, as the foundation on which social capital is constructed. What matters is that people share the same moral values, not whether those values are “right or wrong”. It has changed my thinking, and I have bought copies for friends of mine to see if it can also change theirs.

Synopsis

The book is divided into sections:
• Section 1: Intuitions come first, strategic reasoning second
The central metaphor is that the mind is like a rider on an elephant, whose job is to serve the elephant without much control of where the elephant is going. Traditionally Western philosophy separated the body and the mind, with the mind being the “ghost in the machine”, but according to Haidt the two are intimately connected. In fact morality is rooted in emotion and not in reason. We act first (the elephant moves), and justify our actions later (the rider).

• Section 2: There’s more to morality than harm and fairness
The central metaphor is like a tongue with six taste receptors. Morality has evolved to bind social groups together. Haidt identifies 6 different moral foundations, each of which has a role to play in addressing specific human behaviours:
Care/Harm: evolved for the protection and care of vulnerable offspring
Fairness/Cheating: evolved to encourage sharing and punish cheating
Loyalty/Betrayal: evolved to bind people together in social groups and to punish defectors
Authority/Subversion: evolved to bind people within a hierarchical social structure within the group
Sanctity/Degradation: evolved to protect health by avoiding unsafe foods and encouraging hygienic practises
Liberty/Oppression: evolved to balance the personal freedom and group loyalty

• Section 3: Morality binds and blinds
The central metaphor we are 90 percent bee and 10 percent chimp. We naturally tend to aggregate into large social groups bound by shared morals. In this context religion should not be seen as a parasitic meme, but as a social tool that binds people together into a cohesive and effective unit. Further, our political inclinations are a function of our individual sensitivities to each of the 6 moral foundations. Socialists are primarily driven by Care/Harm considerations for “social justice” and equality of outcomes. Conservatives are more concerned with maintaining social capital in an imperfect world where people cheat and exploit the system. Neither has a monopoly on righteousness, and each has their place in maintaining a balanced society.

Critique
I thought that this was an excellent book, grounded in science, which succeeds in its main argument that morality is an evolutionary adaptation whose purpose is to behind social groups together. I also very much enjoyed the description of how the field of moral psychology has developed over time. I have only a few points to discuss:

1. Religion as a meme
Haidt argues that the new Atheists are wrong in characterising Religion as a pernicious meme, and that instead it has a social purpose in binding people together into a cohesive whole. I think he overstates his case, and that his argument is not incompatible with that of the new atheists (Dawkins, Hitchens etc). Although the set of religions as a whole may well have a social purpose (religion has spontaneously evolved too often for it not to have some use), each individual religion can also be regarded as a meme that exploits humanity’s social needs to propagate itself. Thus when Haidt states that religions change over time to fit the needs of a changing society, the New Atheists would argue that the meme mutates and evolves with its host to ensure its continued propagation. It is merely a question of perspective.

2. Moral foundations of political views
Although, the conclusion of Haidt’s discussion of the moral foundations for Conservative and Liberal viewpoints is a refreshing call for tolerance, I thought that this was the weakest part of the book. His claim that political beliefs can be traced back to differing sensitivities to the 6 moral foundations mentioned above was justified by social surveys in which people were asked their political orientation and then asked to answer moral questionnaires. Conservatives and Liberals were then found to have different reactions to questions that targeted particular moral foundations. Correlation is not necessarily causation I thought that some of the graphs showed relatively weak relationships. In order for Haidt to be right the questions must be formulated so that the subject interprets them in the way intended, and that each question must target the intended moral foundation correctly. There is significant room for error and ambiguity there. His results seemed strong enough to draw general but not specific conclusions from.

3. I have an old friend whose politics are different from mine (he is a lifelong Socialist), so I bought him a copy of the book in the hope that it would provide some perspective and allow us to better understand each other’s viewpoints. As I handed it over he took one look and said “Not bloody Haidt, I hated that book.” We continue to avoid discussing politics. I am pessimistic that Haidt’s call for political toleration will be heeded.

Overall
I thought that this was a terrific book, and one of the best we have read in a while.”

 

Source : Amazon

The Voltage Effect PDF

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