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Fast Forward Yourself
People who are able to sock away a healthy degree of resources for the future have essentially a relationship with their future selves, emerging research shows.
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Dissecting the Perceptions of White Male Privilege
Despite all the advances that women and people of color have made in professional settings over the last several decades, White men still tend to have the upper hand on getting the corner offices, the lofty job titles, or the hefty salary hikes. But how do women perceive the marginalization that people of color face in the workplace? And how do minorities perceive the obstacles faced by women? A report published in Psychological Science, a publication of the Association for Psychological Science, provides some answers to these questions.
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Watch Your Language
Sometimes, the best way to foster staff cohesion is the simple step of choosing the right words. Psychological scientists Hazel Rose Markus and Alana Conner point this out in their new books, Clash!: 8 Cultural Conflicts That Make Us Who We Are (2013, Hudson Street Press). In a chapter on workplace cultures, they cite research showing how organizations can nurture interdependence by simply watching their language. Stanford psychologist Lee Ross and his colleagues, for example, randomly assigned Israeli pilots and American college students to play a game that named either the Wall Street Game or the Community Game.
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Middle-age—The Sweet Spot for Fiscal Leadership
Many of the most influential financial decision makers in our society—from business to politics— happen to be those in middle-age. The average age of Fortune 500 chief executive officers and chief financial officers is around the mid-fifties. Historically, the average appointment age of Federal Reserve Chairs and National Economic Council Directors is also in the 50s. The number is not an artifact of averaging; all current members of the Council of Economic Advisors and half of the National Economic Council members are fifty-something. Is there some sort of peak of financial reason in the 50s? Recent research in economics, psychology, and neuroscience suggests that there may be. Gregory R.
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Power Can Literally Go to Your Head
Power, whether in the form of a big promotion or other rewards, may result in some cognitive pitfalls, including diminished empathy.