How Good of a Liar are You?

Or, more appropriately, how good of a liar were you when you were a child? A recent study suggests that children who were good liars also scored well on memory tests, noting:

The good liars performed better on the verbal working memory test in both processing and recall compared with the bad liars.

Suggesting that lying could be a good form of memory practice for children. Of course, ABC had to take this rather nifty result and make it all preachy.

Procrastination [insert better title later]

Never put off until tomorrow what you can do the day after tomorrow.
-Mark Twain

We have all had troubles resulting from the delay of work, but does that necessarily mean our troubles were borne out of procrastination? Looking at a recent article out of The Atlantic, there appears to be a major difference between delay and procrastination:

Productive people sometimes confuse the difference between reasonable delay and true procrastination. The former can be useful ("I'll respond to this email when I have more time to write it"). The latter is, by definition, self-defeating ("I should respond to this email right now, and I have time, and my fingers are on the keys, and the Internet connection is perfectly strong, and nobody is asking me to do anything else, but I just ... don't ... feel like it.").

The author goes on to note that this creates a vicious cycle in a procrastinator, aptly named the "Doom Loop."

Resume Fonts: Best and Worst

Which font to use on your resume is not a new topic. In fact, for those of you interested in reading the best resume and cover letter posts can find them in this great round up that Andy put together. However, as it is a question that can be poured over by anxious job seekers,

If Finance Doesn't Work Out...

Facebook appears to be hiring. A lot. If a recent article in Bloomberg is to be believe, by an eye-popping amount:

Facebook, which reported Wednesday that sales fell short of estimates, passed the 10,000-employee mark last quarter. With a total of 10,082 at the end of March, Facebook increased headcount by 48 percent compared with the same time last year.

Forty-eight percent is an eye-popping number. Google doesn't report earnings until Thursday, but the company, which has been frequently questioned about its fast pace of hiring, grew only 12 percent last year.

Don't Get Fired For An iPad

Who here has worked for a company that experienced a major data breach caused by hackers? I would imagine more than a few of you have seen the fallout from such an event. Interestingly, the underlying conditions that make a firm vulnerable tend to be rather simple: neglect and/or stupidity. Those of you at JPM may remember last summer when over 80 million records leaked out of the network, seemingly caused by the security team's failure to upgrade a server.

However, it's important to remember that JPM's network is absolutely massive. While it's unacceptable that their network team failed to upgrade in a timely manner, it's easy to attributable to a simple mistake. What is utterly insane, is the number of very smart people falling for phishing schemes.

Interview Science: Slow Talkers Don't Get Hired

Across WSO you can find some great advice on how to approach an upcoming interview, but there's a paucity of science on the matter. However, the April 2015 Journal of Business and Psychology offers a study that looks to the effects of anxiety and other factors that may affect the quality of one's interview. In particular, "Behavioral Expression of Job Interview Anxiety" aims to:

[I]nvestigate (a) the behavioral cues that are displayed by, and trait judgments formed about, anxious interviewees, and (b) why anxious interviewees receive lower interview performance ratings. The Behavioral Expression of Interview Anxiety Model was created as a conceptual framework to explore these relations.

ScienceDaily has written an article summarizing the study that delves further into the results obtained by the researchers. Not surprisingly, anxiety is a bad thing, but one of its manifestations is particularly interesting:

Profiting from Twitter

How does one profit from Twitter? You could buy the stock and hope it increases in price or makes a profit allowing it to pay a dividend. Or, you could do what Tashtego is doing, and use it along with other social media to speculate on the US equity markets.

Tashtego, backed by early Twitter Inc. investor Spark Capital, plans to raise a fund that will use consumer sentiment and trader behavior from social networks to bet on and against U.S. stocks, said Chief Investment Officer Arthur Mateos. The Boston-based firm's Social Equities Fund, which relies on algorithms, is expected to eventually reach $1 billion in capital, the 45-year-old said.

Using social networking site is not a new idea, but using them for equity markets is still fairly novel.

Effective Toilet Hedges

Getting sick of those boring hedge products on the market today? Are puts and calls just not doing it for you? Well today is your lucky day because we have a new, highly popular hedge that all the cool kids are using!

Russian Toilets.

You read that right! With the ruble dropping like a stone the modest Russian toilet has become a hedge against further drops:

[quote]When the ruble plunged 37 percent in the first half of December, Kazakh businessman Marat Mukhamedov spotted an opportunity: Russian toilets.

Do You Play Ice Hockey?

If don't, and you're planning on attending a top MBA program, now is the time to start. If a recent article in Bloomberg is to be taken seriously, having some degree of competence on the ice will put you in a great position for your tenure in business school. This appears especially important if you're at Yale:

Hockey is so baked into MBA life at Yale that some students start preparing to join the club well before they arrive on campus. At a welcome weekend for admitted students in the spring, incoming students can negotiate with outgoing graduates to buy their pads, helmets, sticks, and skates at a discount.

Yale is nothing compared to Wharton, though. Getting a little practice in ahead of time doesn't seem to be enough to make the cut on Wharton's club hockey team:

On the much larger campus of the University of Pennsylvania's Wharton School, the hockey club does not have the physical space to fit the ballooning ranks of MBA candidates desperate for ice time.

More than 200 of the nearly 1,700 graduate students at Wharton made it into the hockey club this academic year, and another 100 applicants were left on the waiting list. The squad has had to cap its ranks because its time on the rink is limited.


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