Jumat, 12 Agustus 2011

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Happy Money: The New Science of Smarter Spending, by Elizabeth Dunn; Michael Norton

Happy Money: The New Science of Smarter Spending, by Elizabeth Dunn; Michael Norton



Happy Money: The New Science of Smarter Spending, by Elizabeth Dunn; Michael Norton

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Happy Money: The New Science of Smarter Spending, by Elizabeth Dunn; Michael Norton

Two professors combine their fascinating and cutting-edge research in behavioral science to explain how money can buy happiness—if you follow five core principles of smart spending.

Most people recognize that they need professional advice on how to earn, save, and invest their money. When it comes to spending that money, most people just follow their intuitions. But scientific research shows that those intuitions are often wrong.

Happy Money offers a tour of research on the science of spending, explaining how you can get more happiness for your money. Authors Elizabeth Dunn and Michael Norton have outlined five principles—from choosing experiences over stuff to spending money on others—to guide not only individuals looking for financial security, but also companies seeking to create happier employees and provide “happier products” to their customers. Dunn and Norton show how companies from Google to Pepsi to Charmin have put these ideas into action.

Along the way, Dunn and Norton explore fascinating research that reveals that luxury cars often provide no more pleasure than economy models, that commercials can actually enhance the enjoyment of watching television, and that residents of many cities frequently miss out on inexpensive pleasures in their hometowns. By the end of this “lively and engaging book” (Dan Gilbert, author of Stumbling on Happiness), you’ll be asking yourself one simple question every time you reach for your wallet: Am I getting the biggest happiness bang for my buck?

  • Sales Rank: #12768998 in Books
  • Published on: 2014
  • Original language: English
  • Number of items: 1
  • Dimensions: 7.80" h x .63" w x 5.08" l, .49 pounds
  • Binding: Paperback

Review
"If you think money doesn't buy happiness, then you're just not spending it right. In this lively and engaging book, Dunn and Norton use the latest scientific research to show how you can get a bigger emotional bang for your hard-earned bucks. Happy Money isn't a purchase; it's an investment—and a shrewd one at that."—Daniel Gilbert, author of Stumbling on Happiness

“No one understands how to get more happiness out of our money better than Liz Dunn and Mike Norton. Their research is not only on the cutting edge—it changes where the edge is. Like stand-up comedians of science, Dunn and Norton take ordinary observations that everybody experiences and craftily distill them with a clarity that makes us laugh, and then makes us think. They have done us a great service by sharing their knowledge with us in the easy-to-apply principles they present in this book.”—Dan Ariely, author of Predictably Irrational

“How to spend smarter? Read this book!—a rare combination of informed science writing, rollicking good fun, and practical pointers for a more flourishing and compassionate life.”—David G. Myers, author of The Pursuit of Happiness

"Many books have been written to tell you how to make money, save money, and invest money. Now there's a book that can tell you how to spend it. Wisely."—Chip Heath, co-author of Made to Stick and Switch

"[Dunn and Norton's] infectious enthusiasm for their subject is admirable.... They provide an interesting exploration of increasing happiness by buying time, as well as ways to address budgeting."—Kirkus Reviews

"University of British Columbia psychology professor Dunn and Harvard Business School marketing professor Norton, friends from graduate school, offer a witty, lively guide to changing the philosophy behind spending so that it brings you true joy.... Readers cannot help but be charmed by this funny, warm guide to creating the good life from scratch."—Publishers Weekly

"This small, snappily written book is focused on five points, all directed at enabling people to get more bang for their bucks... Buy [this] book, read [it], take the advice [it] offer[s] to heart, and you’ll be a happier person."—Barry Schwartz, Los Angeles Review of Books

“Each of Dunn and Norton's five principles offers a scientifically validated means of increasing happiness. Like asking a surgical expert to perform your heart transplant, following their principles might be better than just winging it. And luckily, spending money is a lot easier and much less messy than major surgery.”—Guy Kawasaki

"Packed with tips...people will come away from this book believing it was money well spent."—The Economist

“Dunn and Norton strive to show how to spend money in less typical but more pleasing ways. They offer five principles you can use to buy happiness…. I love the five principles of happy money because they aren’t about getting more money but getting more out of the money you have.”—Michelle Singletary, The Washington Post

“[Happy Money] is filled with surprising, counterintuitive findings that also produce a spark of recognition…. Dunn and Norton have outlined a series of valuable and instructive findings, demonstrating that people tend to overlook the effects of attention and adaptation, and that they would do better if they were to make expenditure decisions with those effects in mind.”—The New Republic

"[S]hort and breezy but research-heavy."—New York Times

About the Author
Elizabeth Dunn is an associate professor of psychology at the University of British Columbia in Vancouver, Canada. At age twenty-six, she was featured as one of the “rising stars” across all of academia by the Chronicle of Higher Education.

Michael Norton is an associate professor of marketing at the Harvard Business School. His research has twice been featured in The New York Times Magazine Year in Ideas issue. In 2012, he was selected for Wired magazine’s Smart List as one of “50 People Who Will Change the World.”

Excerpt. © Reprinted by permission. All rights reserved.
Happy Money

Make It a Treat
Sarah Silverman loves pot, porn, and fart jokes. But when it comes to indulging in these finer pleasures, the comic and former Saturday Night Live writer has a mantra: “Make it a treat.” This epiphany came to her in the midst of her freshman year at New York University, when a friend found her in the midst of an extended pot bender and imparted some guru-like wisdom: “If you want to enjoy these things—things like weed—you have to make it a treat.”1 On her show, The Sarah Silverman Program, she puts this mantra into action by insisting that her writers temper their innate overreliance on fart jokes.

“Fart jokes make me happier than just about anything in the universe,” she explains. “And for that reason I’m terrified by the idea that someday I might have had enough of them. If they are a genuine treat and a surprise, they are the surest way to send me into tear-soaked convulsions of laughter.” While all of us may not share Sarah Silverman’s humor preferences, her kernel of wisdom—let’s call it Silverman’s Mantra—extends beyond fart jokes. And it can help people make wiser spending decisions. Abundance, it turns out, is the enemy of appreciation.

Many of us are lucky enough to live in a society where chocolate is available in every supermarket, gas station, and movie theater. Ironically, though, this abundance may undermine our enjoyment of it. One afternoon, students came into a psychology lab to complete a simple task: eating a piece of chocolate.2 The following week they returned for a second piece. Overall, the students enjoyed the chocolate less the second time than they had the first. This is the sad reality of the human experience: in general, the more we’re exposed to something, the more its impact diminishes.

It’s not all bad news. Getting used to things can be handy when it comes to cold winters or unpleasant smells. Early one Friday evening, Liz’s Welsh corgi got sprayed by a skunk. In a moment of naïve gallantry, she scooped the stinking dog into her arms, thereby covering herself in the scent, too. After hours of bathing both herself and the dog in tomatoes and other home remedies, Liz found that the scent had faded. She gave the dog a Snausage and headed off to a friend’s party. Moments after Liz’s arrival, the party hostess nervously sniffed the air and exclaimed, “Skunk!” The cure that Liz believed the home remedies had wrought was due to her own olfactory fatigue. After prolonged exposure to the bad smell, Liz became habituated to it, and its pungency faded. Many of us have experienced the process of getting used to bad things. We often fail to realize that a similar kind of habituation can kick in for positive experiences, like buying shiny new toys. From chocolate bars to luxury cars, habituation represents a fundamental barrier to deriving lasting pleasure from our purchases.

Like houses, cars are among the largest purchases that most people make. Is it best to splurge on a BMW, economize with a Ford Escort, or settle for the mid-level option of a Honda Accord? When researchers at the University of Michigan asked students to predict how much pleasure they would experience while driving each type of car, the BMW was the clear winner.3 But do drivers experience more happiness behind the wheel of an expensive car? To find out, the Michigan researchers asked car owners to think back on the last time they had driven their car, rating how much they enjoyed that drive. Although their cars ranged widely in value, from around $400 (a Yugo, perhaps?) to $40,000, there was no relationship at all between the Blue Book value of the car and the amount of enjoyment the owners got from driving it that day.

But here’s the twist in the road: The researchers asked other drivers to list their car’s make, model, and year, and then consider how they typically felt while driving it. When car owners thought about their vehicles in this light, those who owned more expensive cars reported deriving more enjoyment from driving. Suddenly there was a relationship between a car’s value and its emotional payoff. Why? When people are asked how something generally makes them feel, they tend to draw on equally general theories to form an answer. Rather than reconstructing how they felt each of the last fifty times they drove the Bimmer and then averaging these experiences, a BMW owner is likely to think something like, “I own a midnight blue Z4 with three hundred horsepower and a retractable hardtop. Of course I enjoy driving it. Next question.” These undeniably fabulous features are likely to make a big difference for enjoyment during an initial test drive, which is why smart salespeople focus our attention on these features at the time of purchase. Novelty attracts the spotlight of attention, focusing our minds and exciting our emotions. But once we get used to something—even something as nice as a midnight blue Z4—the spotlight moves on. Driving to the grocery store in the dead of winter, we think about being stuck in the left lane behind an octogenarian in an Oldsmobile, about whether the store will have any hot rotisserie chickens left, about almost anything other than the make and model of the car we’re driving. Retractable hardtops just aren’t that relevant in subzero temperatures. And this explains why driving a more expensive car doesn’t usually provide more joy than driving an economy model.

Unless, that is, we make driving a treat. In a final study, the Michigan researchers asked car owners to think about the last time they had driven their car just for fun. When people thought back on their most recent joy ride, individuals with more expensive cars reported more pleasure from driving. But these joy rides were remarkably rare. So, driving a BMW probably won’t provide you with any more pleasure than driving a Ford Escort—except on those rare occasions when your attention turns to the car itself, whether directed by a question from a researcher or a joy ride on a winding mountain road.
The Deceptive Simplicity of Silverman’s Mantra
According to Oprah Winfrey, “The single greatest thing you can do to change your life today would be to start being grateful for what you have.”4 This is good advice. But, like a grapefruit diet, adopting an attitude of gratitude is easy at first but quickly becomes almost impossible. Because novelty captures our attention, we feel buoyantly grateful for things that catch us by surprise.5 The sixteen-year-old who lives out the teenage fantasy of discovering a new car wrapped in a giant red bow on his birthday will no doubt experience a surge of joy and gratitude. But these feelings are likely to fade as being a car owner becomes just another part of his daily experience and identity.

Following Oprah’s advice is hard for all of us, and ironically, it gets even harder as people edge closer and closer to Oprah’s end of the wealth spectrum. In a study of working adults in Belgium, wealthier individuals reported a lower proclivity to savor life’s little pleasures. They were less likely to say that they would pause to appreciate a beautiful waterfall on a hike, or stay present in the moment during a romantic weekend getaway.6 This phenomenon helps explain why the relationship between income and happiness is weaker than many people expect. At the same time that money increases our happiness by giving us access to all kinds of wonderful things, knowing we have access to wonderful things undermines our happiness by reducing our tendency to appreciate life’s small joys.

Just thinking about money can produce some of the same detrimental effects as having a lot of it. If you ever want those around you to act like wealthy people for a few minutes, research suggests that all you have to do is show them a photograph of a big stack of money.7 Seeing this photograph makes people less inclined to linger by a waterfall or savor life’s other little pleasures, just like individuals who actually have a lot of money.8

The idea that wealth interferes with the proclivity to savor echoes the theme of the classic 1964 children’s book Charlie and the Chocolate Factory. The young hero, Charlie Bucket, lives in a tiny two-room house with one bed and four grandparents. While the wealthier kids in the story gorge themselves on a plentiful supply of chocolate bars, Charlie’s family saves up just enough money to give him one chocolate bar a year, on his birthday. Each time, he would “treasure it as though it were a bar of solid gold,” spending days just looking at it before he would finally “peel back a tiny bit of the paper wrapping at one corner to expose a tiny bit of chocolate, and then he would take a tiny nibble, just enough to allow the lovely sweet taste to spread out slowly over his tongue. The next day, he would take another tiny nibble, and so on,” making his annual bar of chocolate last over a month.9

In a Willy Wonkaesque study, Canadian students saw a photograph of money and then ate a piece of chocolate, as researchers surreptitiously observed them.10 Compared to others who hadn’t seen the money, students who saw this photograph spent substantially less time eating their chocolate, chowing it down like Augustus Gloop. The observers also noted less enjoyment on their faces. Because even a simple reminder of wealth undermines our ability to enjoy life’s little treats, living by Silverman’s Mantra may not be easy, at least for those of us who are wealthier than Charlie Bucket. According to Silverman: “That’s why mantras need to be repeated—they’re fucking hard to remember.”11

Most people recognize that they won’t appreciate their car quite as much after owning it for twenty-four months as they did when they first drove it home, just as the twenty-fourth fart joke won’t be as funny as the first one. When researchers at Yale asked people to predict how their enjoyment of various products might change over time, the majority expected their enjoyment would decline, for products ranging from a plasma TV to a kaleidoscope.12 The problem is that it’s easy to lose sight of this knowledge when a shiny new toy is right at your fingertips. In another study, the Yale researchers gave students a kaleidoscope and asked half of them to predict how much they would enjoy playing with it a week later. Others predicted how much they would enjoy it a day later.13 Students expected to enjoy the kaleidoscope just as much regardless of the time frame they considered, even though most of their peers in the previous study believed that enjoyment of a kaleidoscope would decline with time. In other words, though we understand that enjoyment often fades over time, we don’t always apply that knowledge when contemplating a new toy. When researchers prompt people to consider the passage of time, this reminder triggers the correct belief that the tide of enjoyment quickly recedes. In the absence of such reminders, however, people envision an unchanging sea of pleasure. As a result, products often provide less lasting enjoyment than people expect. Indeed, after students took their kaleidoscopes home, they reported enjoying the toys much less if they were contacted a week later rather than a day later.

This drop in enjoyment occurs because people are fundamentally different from thermometers. Put a thermometer in lukewarm water, and the mercury rises to reflect the water’s precise temperature. “It does not matter whether the mercury was previously stored in an oven or an ice bath, or whether it was stored in either place for hours or days or years,” researchers Shane Frederick and George Loewenstein explain. “Mercury has no memory for previous states. Humans and other organisms do not behave this way.”14 Stick your hand in lukewarm water and it may feel piping hot if you’ve just come inside on a frigid winter morning, but cool and refreshing on a sweaty summer afternoon. Leave your hand in the water and the intensity of the initial sensation will soon subside. Our emotional system works in much the same way, making us highly sensitive to change. Understanding this fundamental difference between the thermometer and what we might call the “cheerometer” enables us to develop specific spending strategies designed to combat ennui.
The Wisdom of Candy Corn
Because we lack mercury’s amnesia, our enjoyment of a piece of chocolate typically declines from one week to the next. But there’s a way to maximize the pleasure of that second confection. Temporarily giving up chocolate can restore our ability to enjoy it. After an initial chocolate tasting, students promised to abstain from chocolate for one week.15 Another group of students pledged to eat as much chocolate as they comfortably could, and they received a two-pound bag of chocolate to help them fulfill their pledge. The students who left with this reservoir of chocolatey goodness may seem like the lucky ones. But their sweet windfall came at a price. When they returned the following week to sample additional chocolate, they enjoyed it much less than they had the week before. People only enjoyed chocolate as much the second week as they had the first if they had given it up in between.I

If abundance is the enemy of appreciation, scarcity may be our best ally. As it turns out, all of Mike’s favorite treats are widely available for just a brief period each year: Red Hots (easiest to find in February), candy corn (October), plus peppermint stick ice cream and eggnog (December). Because he takes long breaks from these treats during the summer months, he’s happy all over again when October rolls around and the candy corn starts flowing.

Giving up Red Hots and candy corn can provide an escape hatch from adaptation, helping turn our favorite things back into treats. But we are not advocating austerity, though the simple life does have its adherents. In the name of voluntary simplicity, people on the “Great American Apparel Diet” have given up buying clothes for a year.16 Other individuals have stripped their monthly wardrobes down to just six items.17 As coworkers in nearby cubicles might attest, it is possible to take this strategy too far. Although a quick Google search reveals no end of claims about the benefits of voluntary simplicity, there is little rigorous evidence that emptying your life of worldly possessions results in a Zen-like state of pure bliss.

When Kristen Martini was in her mid-thirties, she moved from a large suburban home to a tiny cottage in the woods, taking only some food, a bit of clothing, and her two children, and leaving behind the enviable trappings of her comfortable life.18 The values and goals that prompted this move—placing personal growth and fulfillment above image and financial success—are indeed strongly linked to happiness. People who describe themselves as voluntary simplifiers do report greater happiness.19 But their happiness appears to stem more from the values and mind-sets associated with voluntary simplicity than from major lifestyle changes. In other words, profound self-denial may be overrated.

Instead, we stress the importance of treats. Liz used to have a latte every day. At first the latte was a treat, especially in graduate school, when it represented a substantial portion of her daily budget. But while rushing to work one day, chugging her latte to ingest a sufficient amount of caffeine before a meeting, she realized that the latte was no longer a treat. She switched her daily drink to the regular brewed coffee that everyone drank before the age of espresso, cutting her coffee budget dramatically. Every so often, though, she decides, “Today is a latte day.” She heads to a coffee shop, orders a latte, and savors the foamy goodness anew.

While there is no convincing evidence that reducing consumption provides a panacea for increasing happiness, a growing body of research suggests that altering consumption patterns can provide a route to getting more happiness for less money. And as we’ll see in the rest of the chapter, even seemingly trivial changes can make a big difference.
Living the Portuguese Dream
Jaime Kurtz, a social psychologist and dog lover, has a long-standing dream: to create puppies that stay puppies forever. Ironically, her own research (thankfully not in genetic engineering) suggests that this is a bad idea. As Jaime’s research demonstrates, when we know something won’t last forever, we’re more likely to savor it. When college seniors feel that the end of their undergraduate experience is near, they savor their remaining time by taking the scenic route to class, snapping photos, and visiting their favorite places and classmates.20

Knowing that something won’t last forever can make us appreciate it more. For adults in their sunset years, that “something” becomes life itself. While young people seek abundance, older adults engage in a kind of pruning process, trimming away the people and things that don’t deliver an emotional payoff.21 In 1995, at the age of 120, a Frenchwoman named Jeanne Calment officially became the oldest person ever. When a Newsweek reporter asked her about the sort of future she envisioned for herself, the super-centenarian replied, “A very short one.”22 Recognizing that an end is near holds a key to happiness, helping us turn readily available comforts back into treats.

This idea also helps to explain an enduring puzzle of forgone pleasure: Why don’t people get around to visiting famous landmarks in their own hometown? After living in London for a whole year, residents typically report that they’ve visited fewer landmarks—from Big Ben to Kensington Palace—than visitors who have only been there for two weeks.23 Although London attracts more international visitors than any other city in the world,24 most London residents report having visited more landmarks in cities other than their own. Only when they themselves are about to move away, or when out-of-town guests come to visit, do they seek out the sights of their own city. When people get around to visiting their hometown landmarks, they report enjoying the experience. The trouble is that when a pleasurable activity is always available, we may never get around to doing it, thereby missing out on a relatively inexpensive source of happiness.

The Big Ben Problem suggests that introducing a limited time window may encourage people to seize opportunities for treats. Imagine you’ve just gotten a gift certificate for a piece of delicious cake and a beverage at a high-end French pastry shop. Would you rather see the gift certificate stamped with an expiration date two months from today, or just three weeks from now? Faced with this choice, most people were happier with the two-month option, and 68 percent reported that they would use it before this expiration date.25 But when they received a gift certificate for a tasty pastry at a local shop, only 6 percent of people redeemed it when they were given a two-month expiration date, compared to 31 percent of people who were given the shorter three-week window. People given two months to redeem the certificate kept thinking they could do it later, creating another instance of the Big Ben Problem—and leading them to miss out on a delicious treat. Several years ago, Best Buy reported gaining $43 million from gift certificates that went unredeemed,26 propelling some consumer advocates and policy makers to push for extended expiration dates. But this strategy will likely backfire. We may have more success at maximizing our happiness when treats are only available for a limited time.

In June 2011, a chorus of tweets heralded the arrival of a culinary wonder:

@BJIT: #doubledown is coming back!!! God bless the colonel!

@kevinelop: OMG!! . . . The Double Down is back at KFC!!!

@iamToddyTickles: KFC’s #doubledowns for Breakfast. Mmmmm. Mmmmmm. Yummmmmmy. I’m full.

Despite his precious Twitter handle, iamToddyTickles appears to be a fully grown man in his profile picture, yet his tweet echoes the slobbery exuberance of Scooby Doo. What could have prompted such an onslaught of emotion, ranging from unadulterated excitement to utter incoherence? KFC’s Double Down features two slices of bacon, two kinds of cheese, and the Colonel’s secret sauce, all sandwiched between two slabs of fried chicken. According to KFC, it’s “so meaty, there’s no room for a bun!”

This bunless “sandwich” was a hit in the United States, but in Canada, it was a sensation. The Double Down (translated for our French-Canadian friends as Coup Double, or “Double Punch”) made KFC history, becoming the chain’s best-selling new item in Canada ever.27 When the sandwich made its Canadian debut in the fall of 2010, KFC sold a million Double Downs in less than a month, enough “to stretch across 2,083 hockey rinks,” according to the company’s press release.28 (For readers unfamiliar with Canadian culture, all Canadian measurements are in hockey rink units, or HRUs.) Social media activity was intense, and consumers even organized Double Down “Bro Downs” where men competed to see who could guzzle the most Double Downs.

In response to the initial runaway success of its product, KFC pulled the sandwich off the menu across most of Canada. This move may seem strange in an industry where a pivotal goal—in the words of Coca-Cola’s long-standing mantra—is to be “within an arm’s reach of desire.”29 According to KFC Canada’s chief marketing officer, David Vivenes, KFC is about “making moments that are so good.” But by removing the Double Down from the menu, KFC made the moment when it came back in 2011 not just “so good,” but even better. Nor is KFC alone in adopting this approach. McDonald’s has pursued a similar strategy with its McRib sandwich, a ground pork patty with barbecue sauce, onions, and pickles. Although pork supplies are steady, the McRib has been continually taken off the market and reintroduced—always for a limited time—over the past three decades. Ashlee Yingling, of McDonald’s media relations department, explained that the company makes the McRib available in the fall, thereby creating nostalgia for summer barbecues.30

The consumer response has been obsession. If you want to know when and where you might get your hands on a McRib, you can visit McRib fan Alan Klein’s “McRib Locator” website (http://kleincast.com/maps/mcrib.php), a United States map with a comprehensive list of confirmed, possible, and questionable McRib sightings. McDonald’s kicked off its latest McRib launch with a “Legends of the McRib” event in New York City. The McRib was a key contributor to a 4.8 percent increase in company sales in November 2010.31

Long before innovations like bunless sandwiches and boneless ribs, Disney began harnessing the power of limited availability by making its movies available for limited periods.32 The company locks away Dumbo, Cinderella, Peter Pan, and other hits in the “Disney vault,” where they remain unavailable for years at a time. Like Cinderella herself, these movies rush out of the ball while the party’s still going strong, before the magic wears off. Many other companies adopted similar strategies, and the psychologist Robert Cialdini devotes an entire chapter of his classic book Influence to the creative and downright crafty ways in which scarcity has been used to move product. Although Cialdini admits to a “grudging admiration for the practitioners who made this simple device work in a multitude of ways,”33 he urges readers to resist the lure of scarcity marketing, coaching them on “how to say no.”34 If we take Silverman’s mantra and the science behind it seriously, however, scarcity marketing starts to look like a win-win. That is, people may savor everything from the Double Down to Dumbo more when they know these delights won’t be available forever, increasing their own satisfaction even as companies ring up increased sales.

Applying this principle is straightforward when it comes to ephemeral delights such as movies and bunless sandwiches. But what about major purchases? Derek Lee is an aspiring actor and filmmaker who owns a beautiful, bright red Mini Cooper. If you owned a sporty little car, you might be tempted to drive it all the time, settling in to the comfy leather seats whenever you needed to get groceries or meet friends for dinner. But Derek lives in Vancouver, Canada, where public transit is excellent and car insurance is expensive. So, when Derek first got the Mini Cooper, he kept it in the garage and insured it only on the days when he really wanted to use it, rather than paying regular monthly car insurance and using the car every time he needed to run an errand. As his mildly traumatized former passengers can attest, Derek got the most out of those days, hugging turns and accelerating through straightaways like he was auditioning for a car commercial. Recently, he decided to insure his car full-time, but now, he says, driving is “just about contained road rage and not killing people.” He looks back wistfully on the earlier years, when he “drove exuberantly.”

Car-sharing companies like Zipcar provide customers with a similar opportunity for exuberance by turning driving back into a treat. Whereas traditional car rental companies choose standard cars in the dullest colors of the rainbow, the first Zipcar was a tricked-out lime-green Volkswagen Beetle.35 The founder and former CEO of Zipcar, Robin Chase, pointed to the key difference between driving your own car and driving a Zipcar: You use your own car for everything. Zipcars are for “outings.” Higher-end companies, like the Classic Car Club, founded in London in 1995, take this approach to its logical extreme. For a hefty membership fee, the Classic Car Club gives members access to a “staggeringly stylish fleet of cars,” including Ferraris and Maseratis.36 In Manhattan, club members pay almost $11,000 for thirteen days of driving the club’s “high-end supercars.” This doesn’t sound like a bargain. But the cost of actually owning one of these cars is mind-boggling. And we’re willing to bet that members’ attention stays focused on the “supercars” during those magical thirteen days, making each of those eleven thousand dollars count.

Car-sharing is now a familiar concept, but creative companies are making it possible for their clients to share ownership and access to just about everything, from villas and handbags to dogs and French truffle trees.37 According to our favorite Portuguese saying, “You should never have a yacht; you should have a friend with a yacht.” (To be honest, it’s also the only Portuguese saying we know.) By joining SailTime, members can live the Portuguese dream by sharing a yacht with up to seven other people. In describing SailTime, a recent media story warned consumers that sharing the yacht means “there is no guarantee you will always be able to use it when you want.”38 This apparent limitation is precisely what helps consumers make it a treat. Limiting your access to everything from the McRib to Maseratis helps to reset your cheerometer. That is, knowing you can’t have access to something all the time may help you appreciate it more when you do.
And Now for a Brief Interruption
When you love a television show—say, The Office—you might think the best way to maximize your happiness is to buy the DVD set and watch all the episodes straight through. Getting rid of the commercials and eliminating the weeklong wait between episodes seems sensible. But research suggests that taking breaks between episodes can increase your enjoyment. Perhaps most amazingly, commercials can improve the experience of watching television.39 Even entertaining shows can start to drag after five to seven minutes, decreasing our enjoyment. Commercials disrupt that adaptation process, so when the show comes back on, we can fall in love with Jim and Pam all over again.

As you might expect, the content of the program matters. Television shows like Lost and CSI, which cut unexpectedly from one dramatic scene to another, may circumvent the need for commercials by providing built-in disruptions. For experiences that are more uniform, though, interruptions can help to “re-virginize” us, wiping our pleasure slates clean. And these interruptions may increase our overall pleasure even if the interruptions themselves are annoying. To test this idea, researchers created a mash-up of popular songs, including “Lose Yourself” by Eminem, “My Sharona” by the Knack, and “Sometimes” by Michael Norton (yes, that Michael Norton).40 They created sixty-second versions of each song by taking brief samples and looping them, then played the “song” without interruption for one group of listeners. Others, however, listened to the first fifty seconds, and then heard ten seconds of irritating guitar feedback lifted from an Australian punk band. Although 99 percent of people expected to prefer the continuous song, without guitar feedback, listeners enjoyed the song more when it was disrupted. They were willing to pay more than twice as much to attend a concert by the artist compared to people who heard the continuous song.

These results create an opportunity and a puzzle for purveyors of pleasure. Take the perspective of a massage therapist. Before receiving a massage, three-quarters of people reported that they would prefer to savor the experience without interruption.41 But those who were forced to take a break during the massage ended up enjoying it more, and were willing to pay more for their next massage. Leif Nelson and Tom Meyvis argue that “the thoughtful masseuse would maximize customer enjoyment by inserting breaks in the massage.”42 In the same breath, though, they note that this strategy comes with a catch: “Customers who are informed of the break in advance may choose to go to another, more monotonous masseuse.” (Reading break: picture in your mind what a thoughtful masseuse and a monotonous masseuse might look like.)

Even the briefest of breaks can allow our cheerometers to reset. Unfortunately, resetting requires that we accept a momentary drop in pleasure. A commercial is less entertaining than any given moment of a halfway decent TV show. But that irksome “$5 Footlong” Subway ad makes the show more enjoyable once it comes back on. Similarly, getting a backrub is better than not getting a backrub at any given point in time—but taking a break still makes the overall backrub much better.
Channeling Your Inner Tim
In the 2011 comedy Cedar Rapids, Ed Helms plays an insurance salesman named Tim Lippe who has never ventured outside his sleepy hometown of Brown Valley, Wisconsin. Then his company sends him to a convention in the “big city” of Cedar Rapids, Iowa. Everything about Cedar Rapids dazzles Tim, from the big buildings to the intoxicating smell of chlorine wafting up from the hotel pool. Because Tim has never traveled before, each tiny discovery provides a fresh delight.

The more people travel, the less likely they are to savor each trip. In one study, United States residents recorded how many countries they had visited and then imagined what they would do after winning a trip to three of the most common vacation destinations for Americans (California, Florida, and New York), as well as the top three “dream” destinations for Americans (Italy, Australia, and Ireland).43 Infrequent travelers like Tim said that they would savor the trips by expressing their excitement, talking to friends and family, getting their work done ahead of time, and looking at photos afterward. Individuals who had traveled extensively exhibited a blasé attitude toward the commonplace destinations (though they mustered some enthusiasm for the dream destinations).

Did the commonplace destinations pale in comparison to the other places the world-weary had visited? Perhaps the sunny shores of Florida fail to impress when compared to the beautiful black sand beaches of Bali. This explanation is reasonable but, as it turns out, wrong. As we saw with strawberries and space travel, experiences elude easy comparisons. Bali and Florida are like apples and oranges, and thinking of one doesn’t usually trigger comparisons to the other. Rather, traveling to exotic places like Bali can change the way we see ourselves, creating a broader problem. The more countries people have visited, the more they self-identify as “world travelers.” This in turn undermines their motivation to savor trips to enjoyable-but-unextraordinary destinations.

If you’ve been lucky enough to visit lots of places in the world, you may be destined to a lifetime of diminished savoring during visits to commonplace destinations, unless you can channel your inner Tim Lippe. In a study conducted at the Old North Church, one of the most-visited historical landmarks in Boston, American tourists completed a travel checklist just before entering the church, marking off the other cities they had visited.44 Some tourists saw a checklist that included destinations such as New York, Orlando, and Las Vegas, places many Americans have visited. Others saw a checklist that included more exotic international destinations, such as Tokyo, Paris, and Sydney. As you’d expect, tourists checked off a lot more places when they were presented with the list of U.S. destinations, leading them to feel more well-traveled than people presented with the broader list of international destinations.

The tourists went on their way, heading inside to check out the church. But the checklist changed how they behaved when they got there. Those who saw the list of exotic international destinations entered the church feeling like they were not well-traveled, and ended up savoring their visit more. They spent significantly more time enjoying the church compared to those who saw the domestic checklist.

An app from a company called Travellerspoint enticed users with the opportunity to “plot your trips on a map to show everyone how well-travelled you are.” But using this app might not be such a great idea if you want to enjoy your visits to the Old North Churches of the world. It may be better to map out all the places you’d like to visit, but haven’t yet. One of the world’s most revered sages—the Dalai Lama—advises us to appreciate what we do have rather than focusing on what we don’t.45 But research suggests that focusing on what we haven’t done may trigger us to appreciate what we’re doing now. Because our cheerometers lack the objectivity of mercury, the way we perceive an experience depends partly on how we perceive ourselves. And changing our sense of identity, even temporarily, can make it easier to appreciate the simple pleasure of a hotel pool.
Mating in New Pastures
As a graduate student, Liz noticed something intriguing about the behavior of her longtime boyfriend, Benjamin. When he was in a bad mood, Benjamin acted cranky around her, because he knew that Liz would put up with his unpleasant behavior. But when he bumped into a stranger or casual acquaintance, Benjamin perked right up, acting pleasant and cheerful. Because social graces forced him to abandon his own grumpiness, his bad mood often dissipated.

To understand her boyfriend’s behavior, Liz invited long-term heterosexual couples into the lab. Each individual interacted either with his or her own romantic partner or with an opposite-sex stranger from another couple.46 Just like Benjamin, people acted perky and pleasant when they interacted with strangers. And their own positive behavior enhanced their mood in a way that they failed to foresee ahead of time. Liz and her colleagues began to refer to this phenomenon as “the Benjamin Effect.”

Rather than ditching your long-term romantic partner in search of a stranger, try harnessing the Benjamin Effect to improve your romantic relationship. In a follow-up study, Liz brought more couples into her lab and asked each couple to spend some time together. She told some of them to put their best face forward as they would with someone they had just met. Meanwhile, the others just had a regular old interaction with their romantic partner. People derived significantly more joy from interacting with their romantic partners when they treated the loves of their lives as though they were complete strangers.

Before writing off Valentine’s Day as an excuse to sell greeting cards, remember the value of making an effort (every once in a while) to be your best self around your romantic partner. Elizabeth Haines is a forty-year-old mother of two who has been married to her husband, Terry, for more than a decade. Although Elizabeth and Terry are both working parents, they make time each week for “date night.” It would be easy to flop on the couch and put in a DVD. Instead, they pay a babysitter and hit the town. “I do that kind of cougar-mom thing. You know, tight jeans, cute top, some wedge sandals. I dress as if I was going on a date,” Elizabeth explains.

Elizabeth and Terry often head to a local restaurant for dinner and drinks, but her favorite date nights involve less mundane activities, like seeing a new band perform in the city. When couples do novel, exciting things together, the relationship itself feels novel and exciting. In one study, couples bound together—literally, with Velcro at their wrists and ankles—performed a series of novel physical challenges.47 Other couples performed a duller task, slowly rolling a ball back and forth while stationed on opposite sides of a large room. Afterward, the Velcroed couples reported greater relationship satisfaction and scored higher on the Romantic Love Symptom Checklist, which includes symptoms of love such as experiencing “tingling” while thinking of the beloved.

The value of novelty emerges even in the bovine version of date night. Bulls get bored with the artificial “mating” devices that farmers use to extract their semen. Introducing some novelty—by changing the location of the device, for example—can reduce the time it takes the bulls to ejaculate.48 While reducing time to ejaculation is probably not the goal of most human date nights, injecting novelty can inoculate long-term relationships against boredom. And boredom turns out to be a surprisingly potent force that can chip away at even the strongest relationships. Current levels of boredom predict a married couple’s overall satisfaction with the relationship almost a decade later.49 Maybe money can’t buy love, but it can buy novel, exciting activities. And given the central importance of romantic relationships for human happiness, anything we can do to make time with our partners a treat is money well spent.

The value of novelty extends far beyond romantic relationships, all the way to toilet paper. Toilet paper comes in different colors and textures—Quilted? Did someone’s grandmother knit it for you?—but for the most part, it’s as commoditized as a product can be. Charmin, however, had a different idea about toilet paper. The company found a way to make using their product a “treat” by providing consumers with something novel and unexpected. How? Take a moment to guess. And keep it clean, please.

If you guessed what they tried, you are a marketing genius. Charmin introduced Potty Palooza, a traveling luxury port-a-potty “adorned with all the amenities you would find at home—from wallpaper and skylights to hardwood floors and televisions.”50 Imagine being at a crowded sports event, expecting the typically horrific bathrooms, and stumbling instead into a toilet paradise. Potty Palooza effectively transforms the mundane act of waste management into a treat.

Adding a dose of novelty can also short-circuit our tendency to consume something that no longer provides pleasure. People in the habit of buying movie theater popcorn will eat just as much of it whether it is stale or fresh, even though they report getting little enjoyment from the stale stuff.51 Popcorn lovers might assume that breaking this habit would be tough. But novelty is all it takes. Try this for yourself: Next time you go to the movies, eat your popcorn with your nondominant hand (if you’re a righty, eat with your left hand; if you’re a lefty, you probably think you are too unique and creative to be bothered with our tasks). When popcorn lovers eat with their nondominant hand, they free themselves from mindless consumption. They still eat plenty of this salty, buttery treat when it’s fresh and delicious, but they leave it aside when it’s stale and unsatisfying—when it’s no longer a treat.
Can Everyman Become a Silverman?
Practicing Silverman’s Mantra demands recognizing how different we are from thermometers. Because the cheerometer is sensitive to both the past and the future, giving something up for a few months or a few minutes can allow us to recalibrate. Just knowing that we have limited access to something, and that it’s not an inextricable part of our identity, may help us appreciate it more. Taking a break from some things, like spouses and toilet paper, is both complicated and messy. These cases call for an injection of novelty. Applying Silverman’s Mantra is important when—like a skunked Liz at a party—we find ourselves no longer noticing what we’ve got. These strategies are especially valuable when it comes to treats that cost a little more, where we pay a premium for pleasure: things like lattes, fast cars, and Belgian chocolate bars.

Silverman’s Mantra stands in opposition to the ethos of modern America. Whereas American culture values abundance and big purchases (big cars, big homes, big-box stores), French culture emphasizes the value of little treats—petits plaisirs.52 This cultural difference is particularly stark at the dinner table. The French eat less than Americans, taking more time to savor the taste and texture of their food.53 Even at McDonald’s. In a 2003 study, researchers compared a McDonald’s in the middle of Paris to a McDonald’s in the middle of Philadelphia.54 Even though a large order of fries was about 30 percent smaller in Paris, Parisians took about 50 percent longer to sit and eat their food than their American counterparts.

In cultures where the Protestant work ethic has taken hold, treats often seem improper, or even immoral—leading people to feel that they should only indulge when they have a good reason for doing so.55 American college students expect to feel guilty when they splurge on a treat like a spa treatment or dinner out for no particular reason. For most of them, though, these expected feelings of guilt never materialize, overshadowed instead by the pleasure of the treat. Yet they continue to believe they will feel guilty about future indulgences.56 The little treats of daily life may provide a purer source of pleasure than people realize.

This failure to appreciate the value of treats may push people away from enjoyable experiences. In one study, researchers paid people $2, telling them they could keep the money or use it to purchase a ticket for a lottery.57 When the lottery prize was a $200 dinner to a gourmet restaurant, 84 percent of people bought a ticket. When the prize was $200 cash, only 65 percent of people bought the ticket. This difference is remarkable. After all, you could use the $200 in cash to buy a $200 dinner, or anything else you desired. But the opportunity for a treat in the form of a gourmet dinner provided a more compelling incentive than cash, which most people thought they’d use for boring necessities, such as groceries. Until, that is, the researchers presented the two options side by side. When people had the choice between the dinner or the cash, more than twice as many people chose the cash over the dinner. Choosing cash is economically rational, sensible, and defensible—but, given the value of treats, probably detrimental for happiness.

What would you enjoy more, a small, heart-shaped chocolate (worth fifty cents) or a slightly larger chocolate (worth $2) in the shape of a cockroach? Faced with this choice, most people say they would enjoy eating the heart-shaped chocolate more. And yet most people say they would choose the cockroach-shaped chocolate.58 The hard, economic attributes (price, size) win out over the “softer” features (roachiness) during decision-making, even though the softer features matter for enjoyment. This makes sense when choosing vacuum cleaners and other utilitarian products. But when it comes to chocolate and other treats, people may weigh economic considerations to an extent that few economists would condone.59

In the heart of Beverly Hills, at the luxurious Four Seasons spa, a ninety-minute massage costs $230, whereas three thirty-minute massages cost a whopping $330. All else being equal, most people report they would rather have a larger number of smaller pleasures, rather than a smaller number of larger pleasures.60 For example, people prefer to get $5 a day for five days, rather than $25 all on one day. But all else is rarely equal. From an economic perspective, the ninety-minute massage at the Four Seasons is clearly the better deal. But consider whether it’s a better deal from your perspective. Three thirty-minute massages give you three treats instead of one experience that you’ll likely tire of before it’s over, providing you with a bigger happiness payoff for each dollar spent.

I. It’s possible that people felt dejected during the week they gave up chocolate, perhaps offsetting the pleasure they experienced when they got to have it again. But everyone also reported how they felt each day during the week between chocolate tastings, and there was little evidence of diminished happiness among those who gave up chocolate.

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175 of 177 people found the following review helpful.
Not What I Expected, But I Like It.
By Mother of Three
The title, "Happy Money: The Science of Smarter Spending", gave me the impression that this was another book about clipping coupons and recycling cereal boxes. Cynically, I opened it up.

The first sentence of the prologue shattered that preconception immediately. This book aims squarely for the "money can't buy happiness" idiom, with the idea that it can...if utilized properly.

Not in the usual ways, either. It's not necessarily how much you spend, or saving tons of cash for a rainy day so you feel more secure about the future.

There are five principles that can lead to monetary happiness:

1. Buy Experiences
2. Make it a Treat
3. Buy Time
4. Pay Now, Consume Later
5. Invest in Others

"Buy Experiences" essentially means to spend money on memorable experiences instead of expensive toys, because you are able to relate to those experiences on an emotional level for much longer that with objects.

I had actually utilized this concept myself recently. I had come into a small inheritance, and instead of paying down bills like we had originally planned, we splurged on our first real family vacation to the beach. My son still talks about going back, and thoughts of that time together still spark warm feelings.

"Make It A Treat" focuses on the concept of overconsumption creating a weakening of the enjoyment factor. If you have something every day, even if it's something you love, it becomes routine rather than fully enjoyable.

I discovered this when for budgeting reasons, I stopped buying coffee house specialty drinks and made coffee at home. Once in a while I'd get a gift card or decide to splurge, and those moments took me back to the first time I'd tasted one, and it was always an amazing sensation. They explain why that is in detail, and it's fascinating. I plan to apply this to other aspects of my life, now that I'm aware of it.

"Buy Time": The idea that you make life decisions that allow you to have more free time. I'm a busy mom, so Multitask is my middle name. Suggestions include outsourcing unnecessary tasks, like housecleaning. Much as I'd love to do that, it's not possible. But I do have an example of my own.

We instituted "Takeout Wednesdays", where my husband is responsible for bringing home dinner every Wednesday. That gives me free time I can plan on, and lets me get things done AND get down time.

"Pay Now, Consume Later" was a fascinating concept. In society today, we're more apt to do the reverse, thanks to credit cards. Essentially, it's sort of like half the fun of a roadtrip is getting there. When consummation is delayed, from something as simple as eating candy to attending an event, the enjoyment is increased. When something's already paid for, if enough time passes, it seems "free" when it's actually consumed.

I've personally seen this in action when I backorder things online, like books, video games and DVDs. It's almost like a prize coming in the mail, because the actual payment process is dim in my memory. I've also stashed candy away for until the kids are asleep, and it always tastes even better then. (Don't judge me. (.:)

Last concept: Invest In Others. This hits on how donating or spending money on others feels better than buying things for yourself. I totally got with this chapter, because I deal with that scenario all the time.

An example: Recently, I had a friend give me two free product coupons for a very expensive brand of bread. I was picking mine out, and a lady next to me mentioned she loved it, but it was too expensive. I tapped her on the shoulder and gave her one of the coupons. The free item would have given me pleasure, but giving it away gave me a great feeling that still lingers.

Toys and goodies are great, but doing onto others is incredible.

This was an easy and fun read...I liked the authors' (Elizabeth Dunn and Michael Norton) writing style. It reminded me of sitting around with friends over coffee and chatting. I had never read anything like it, and really thought it was original.

I already embrace these principles on some level, but look forward to applying them to more of my life choices, and seeing my money make me happier. It'll have a permanent place on my bookshelf...and in my bathroom! (But that's another chapter.)

I received a complimentary copy from BzzAgent in exchange for my review.

10 of 10 people found the following review helpful.
Good but not worth reading the whole book for a few reasons
By Bradley Bevers
This is one that I've had on the shelf for a long time and finally got around to reading. Not nearly as good as I thought it would be, but some good takeaways.

Positives:

* Principles are good. Worth reading, or skimming, main points
* Short

Negatives:

* Never felt substantial enough for a book. Long article.
* Some cases used are not convincing. Needs more support, even though I agreed with principles
* Tone seemed off, authors reference themselves too many times. Just seemed out of place.
* Last chapter advocated too much government intervention

Overall, some good principles. I would look for a summary or article by the authors and read that, you will save some time and get 95% of what there is here.

6 of 6 people found the following review helpful.
Read you will thank me later.
By stingray
I really loved this book. I heard about it from Tim Ferris podcast-fourhourworkweek. He said that he is trying spend more time with his parents as their time on earth is limited as they get older and he changed his attitude about spending money and time from the book.
I ordered it and read it. My takeaway is that I never consciously related happiness with spending money besides the obvious material things. The five principles of happy money are :1. buy experience vs. materials (buyer remorse occurs with materials rarely with experience) 2. buy time (don't spend 4 hours in a layover to save a hundred bucks) spend money so you could have more time to do things you enjoyed. 3. Make it a treat(if you have latte every day is no longer a treat but if you have it only Tuesday, that changes)4. pay now , consume later( it means buy things that you experience positive expectations I.e. Vacation, also called the French term Se Rejouir getting pleasure now from something that will happen in the future or also called the drooling factor. And 5. invest in others, pay it forward, studies after studies show giving makes you happier then always spending on yourself.

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A straightforward guide to leveraging your company's intellectual capital by creating a knowledge management culture

The Complete Guide to Knowledge Management offers managers the tools they need to create an organizational culture that improves knowledge sharing, reuse, learning, collaboration, and innovation to ensure mesurable growth. Written by internationally recognized knowledge management pioneers, it addresses all those topics in knowledge management that a manager needs to ensure organizational success.

  • Provides plenty of real-life examples and case studies
  • Includes interviews with prominent managers who have successfully implemented knowledge management structures within their organizations
  • Offers chapters composed of short theoretical explanations and practical methods that you can utilize, based primarily on hands-on author experience

Taking an intellectual journey into knowledge management, beginning with an understanding of the concept of intellectual capital and how to establish an appropriate culture, this book looks at the human aspects of managing knowledge workers, promoting interactions for knowledge creation and sharing.

  • Sales Rank: #1076656 in Books
  • Brand: Pasher, Edna/ Ronen, Tuvya
  • Published on: 2011-02-08
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.30" h x .90" w x 6.30" l, .88 pounds
  • Binding: Hardcover
  • 224 pages

Most helpful customer reviews

14 of 14 people found the following review helpful.
Enrique - KM lead of a large consulting firm
By E. A. Moreno
This is a well written, but basic KM book. I found the title "Complete Guide... " misleading.

PROS -
Looks at KM from many practical and often forgotten critical perspectives, like corporate culture, payback, intellectual capital, strategic, etc.
Involves thoughts of Intellectual Capital experts on how to measure the ROI. However, this is a very debated matter and some alternative practical perspectives may be missing (e.g. Kaplan & Norton Strategic maps widely ussed in the US).
Good book for practitioners trying to make sense of knowledge management.

CONS -
Basic stuff. Very little behavioral background (e.g. manage Tacit to Explicit transformation and vice versa) or points of view of knowledge either as an organization process or as an 'asset' or models on how knowledge becomes commodity when it evolves into generally known matter.

4 of 4 people found the following review helpful.
This KM book is for every businessperson
By Mary Adams
I have to admit that when I hear Knowledge Management, I used to think of the technical side of this discipline, the many experts I know in cataloging, storing, accessing and sharing knowledge, especially in its digital form.

This book cured me of this bias. It is an effective reminder that the essence and the urgency of Knowledge Management is not in these technical skills but in the power of the people and shared experiences within organizations across the globe. The stories of successes and failures make a convincing case for the urgency of changing our management attitudes and practices.

It is so powerful because the book is built primarily on stories amassed over the fruitful careers of the two authors. The stories are synthesized in the accompanying text and through simple bullets at the end of each chapter. I'll probably go back and review the bullets later but what sticks with me are the stories.

The authors don't hit the reader over the head with this message--but the truth is that the process of knowledge management is actually subversive to industrial-era top-down practices. Rather than threatening us, the authors gently remind us the wisdom of shedding these old practices and adopting new ones that allow knowledge and innovation to flow freely--and fuel growth and the financial results that are still the measure by which business must be measured.

This is a great book that every modern manager should have by their desk--to pick up and flip to the applicable chapter when the old ways of doing business just aren't panning out.

2 of 2 people found the following review helpful.
A great guide to profit from the business benefits of knowledge
By Avigdor Sharon
This book is for any manager or businessman. Not just for those specifically interested in Knowledge Management and for dedicated KM practitioners. It has great value to any manager, a major eye-opener into the world of modern business.

Knowledge and intellectual capital are major sources and assets that you can use to drive innovation, reduce costs, increase time to market and ensure customer satisfaction. They can make the difference between success and failure, between you and your competitors.

The book leads through business topics and shows how to leverage knowledge effectively to drive your business.

Chapter 1 - The motivation towards Knowledge Management: combining the tactical with the strategic
Chapter 2 - Making the business case for managing intellectual capital
Chapter 3 - The importance of strategy in Knowledge Management
Chapter 4 - The role of culture in a successful knowledge-creating and knowledge sharing organization
Chapter 5 - The human focus: understanding and managing knowledge workers
Chapter 6 - Managing interactions for knowledge creation and sharing
Chapter 7 - Capturing and reusing existing knowledge
Chapter 8 - The customer focus: harnessing customer knowledge through meaningful interactions
Chapter 9 - Measuring and managing the performance of proper knowledge work
Chapter 10 - Innovating for a new beginning
Conclusion - Implementing Knowledge Management - a step-by-step process

This is like a journey through the realm of knowledge with invaluable insights along the way and a map to success at its end. It explains in crystal clear way each topic as it goes through. There are many real life examples and a very handy "The Magnificent 7" section at the end of each chapter that summarizes the main insights and the top things to remember. This is a very useful approach and very practical.

For 2 weeks I carried the book with me everywhere, to continue reading whenever I have the time, but then I was glad to learn that there is a kindle edition, so I can now download the entire book and use it as a handy reference at any time. Fantastic.

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The Complete Guide to Knowledge Management: A Strategic Plan to Leverage Your Company's Intellectual Capital, by Edna Pasher, Tuvya Ronen PDF
The Complete Guide to Knowledge Management: A Strategic Plan to Leverage Your Company's Intellectual Capital, by Edna Pasher, Tuvya Ronen PDF

Jumat, 22 Juli 2011

[B839.Ebook] Ebook Download Frankenstein Makes a Sandwich, by Adam Rex

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Frankenstein Makes a Sandwich, by Adam Rex

Being a monster�isn't all frightening villagers and sucking blood.�Monsters have their trials, too. Poor Frankenstein's cupboard is bare, Wolfman is in need of some household help, and it's best not to get started on Dracula’s hygiene issues. What could be scarier?
���� Nineteen hilarious poems delve into the secret lives of the Creature from the Black Lagoon, Bigfoot, Godzilla, and others. In a range of styles that pay homage to everyone from Charles Schulz to John James Audubon, the monstrously talented Adam Rex uncovers horrific--and clever--truths you won't want to miss.

  • Sales Rank: #50510 in Books
  • Brand: Sandpiper
  • Model: FBA-|299842
  • Published on: 2011-09-06
  • Released on: 2011-09-06
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.75" h x 10.75" w x .25" l, .44 pounds
  • Binding: Paperback
  • 40 pages
Features
  • Great product!

From School Library Journal
Starred Review. Grade 2-5–This hilarious collection of illustrated poems describes the lives of well-known monsters. Theres Frankenstein, who tries to borrow food from townsfolk, but is instead pelted with garbage: Its true, at first/he thought the worst:/His neighbors were so rude!/But then he found/that on the ground/theyd made a mound of food. The accompanying illustration shows the pickle-green brute happily eyeing a towering sandwich made from discarded edibles. In several comical appearances, the Phantom of the Opera bemoans the fact that he can no longer compose arias because he cant get catchy tunes out of his head (Its a small world after all./Angry cursing fills the hall./Now hes crawling up the wall./Its a small, small world). He eventually considers an alternate career. The Creature from the Black Lagoon ignores his mothers advice, swims too soon after eating, and sinks; Count Dracula walks around with spinach in his teeth because no one dares tell him about it. Told with smooth, unstrained rhymes, each selection captures its subjects voice. Rex uses an impressive variety of techniques and media in the artwork while paying homage to famed illustrators. From shiny black-and-white graphics in Zombie Zombie, to a Richard Scarry-esque interpretation of the Yeti, to pen-and-ink sketches of Dr. Jekyll, each creature claims its own style. The book is fresh, creative, and funny, with just enough gory detail to cause a few gasps. Kids will eat it up.–Lee Bock, Glenbrook Elementary School, Pulaski, WI
Copyright � Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review
A Junior Library Guild Selection

* "Readers will relish every gross and hilarious entry in this monstrous menu of misadventures. . . . Here’s a read-aloud candidate sure to elicit loud screams—but not of fright." —Kirkus Reviews, starred review

* "The book is fresh, creative, and funny, with just enough gory detail to cause a few gasps. Kids will eat it up."—School Library Journal, starred review

"With irreverent entries such as ‘Count Dracula Doesn't Know He’s Been Walking Around All Night With Spinach in His Teeth,’ this mash of monster poems will send kids howling (with laughter)."—Family Fun

About the Author
ADAM REX is the author and illustrator of PSSST!, TREE RING CIRCUS, FRANKENSTEIN TAKES THE CAKE, and The New York Times bestseller FRANKENSTEIN MAKES A SANDWICH. He lives in Tucson, Arizona.
www.adamrex.com

Most helpful customer reviews

41 of 45 people found the following review helpful.
It's pronounced Fraaank-unt-steen
By E. R. Bird
Okay. So here was my dilemma. I was supposed to review a children's book of poetry and I had several choices in front of me. I could review the inner city take on "Casey At the Bat". I could do the meaningful one about a Caribbean country. I could do the one about various epitaphs to people of different professions (I am not making this up). Or I could do the goofy monster one. And the ball fell in the goofy monster's court by a loooong shot. You hold "Frankenstein Makes a Sandwich" in your hands, and you may not be sure whether or not to trust it. Should I give this to a child? Will they actually enjoy it? Then you read the tiny byline under the title. "And other stories you're sure to like, because they're all about monsters, and some of them are also about food. You like food, don't you? Well, all right then". Any picture book of poetry that says, "Well, all right then", on its cover has won my irony-laden little heart. It's just a nice plus that the poems inside just happen to be funny, beautifully illustrated, and interesting in all sorts of different ways.

Monsters. It's hard not to love `em. Especially classic movie monsters. Now what we have here are all the monsters you could think of put in a variety of humorous and peculiar situations. There's "Count Dracula: Doesn't Know He's Been Walking Around All Night With Spinach In His Teeth". Or howzabout, "The Mummy: Won't Go To His Eternal Rest Without a Story and Some Cookies"? They're all here, illustrated in a vast variety of ways by the ultra-talented Adam Rex. Each poem is a scintillating series of new ideas involving all sorts of critters. Hidden in the pictures as well are limericks from the fictional, "Michelle & VonFuzz Limerical Guide To Monsters". Kids will lap up the goofy pictures and creatures. Adults will find much to love in the overall humor. Altogether, this book's a trip.

Of course, this is not the only children's picture book to recently bring up some classic monsters from the past. "Mommy?", by Maurice Sendak is also a wonderful monsterish tribute to the likes of The Mummy, Frankenstein, the Wolf Man, etc. What is to account for this ghoulish trend in children's picture book literature? Haven't a clue. Maybe publishers have eschewed such ideas in the past and are only right now ready for them. That's my theory, anyway.

So will children like this book? I mean, it does do some pretty amusing grown-up jokes that'll soar right over the l'il kiddies' heads. Heck, even the Dedications in this book are funny. They're listed as "Dedications And/Or Weaknesses" and include things like, "For Scott - Light Beer". And then there was the laugh-out-loud poem (part of a running gag), "Now the Phantom of the Opera Can't Get `The Girl From Ipanema' Out of His Head w/a Peppercorn Coulis". But in spite of all of these, you can't get past the fact that the book is really funny AND fun to read. The pictures will suck children in immediately, and the fact that there are elements like the comic strip "Zombie Zombie" feature (which gives us the immortal image of a Zombie Samba) is enough to convince me that children everywhere will love it. Perhaps less so the "Dr. Jekyll and Mr. Henderson's Five Alarm Chili", but I've been known to be wrong. Also, some points will have to be detracted from Mr. Rex's score for a tiny mention of Britney Spears. Naughty, Mr. Rex. Naughty. There is no room in this book for that particular monster.

The sheer variety in illustration styles is what really impressed me, though. If you've ever seen an Adam Rex work, be it "The Dirty Cowboy" or "Tree-Ring Circus", then you know how good the guy is. What you may not have been aware of, however, was the massive range the fellow has. Somehow or other, this book has uncorked all of Mr. Rex's hitherto bottled up expressiveness, and the result is everything from realistic oil paintings, pages that could have come from guide books, images that glow with that old-timey silver screen feel, a comic strip, some computer graphic work, and a selection that looks as if it was engraved and created in the late 19th century. THAT is what you will find here.

Finally we come to the obligatory poop joke. Apparently a law was passed about ten years ago that states that no children's movie can have a trailer that does not involve either pooping or farting in some manner. This sometimes carries over to children's picture books (how else to explain the success of "Walter the Farting Dog"?). Actually, this book is fairly poop-free, until the veeeery last poem. Ah, "Godzilla Pooped On My Honda". But, y'know, I can almost forgive it for the picture that accompanies it. It's on the last page and there we see a Japanese woman staring at... well, you know. In the background are Godzilla, Mothra, Ghidorah (your guess is as good as mine), etc. My real objection? Where the heck is Gamera? Like you can do a Japanese monster tribute without that greatest of gigantic turtles. I mean, really.

My knowledge of monster-related poetry books is not what it could be. Still, if you're looking for a title to pair this book with, might I suggest the aforementioned, "Mommy?" or, even better, Judy Sierra's apropos, "Monster Goose". If your little brain is all ah-twitter this Halloween season and you want to buy something for the kiddies that will amuse their parents and children alike, you can't go wrong with "Frankenstein Makes a Sandwich". Just don't start flipping through it if you're under a time constraint. You'll never put it down.

18 of 18 people found the following review helpful.
Monsterrific!
By Liz
I simply MUST put in a plug for this fabulous book! As a mom and an illustrator, I was drawn to the amazing art, and I thought perhaps the kids would like it, too. Oh, MAN! It delivered on all points: Amazing art, perfect rhyme (SO hard to find rhyme that really works in a book; it's spot on), and YES- the kids love it and keep going back to read it over and over. I think they do view it as a bit of a fun challenge- there are lots of details and subtleties in the art and text. And I did have to sing "The Girl from Ipanema" to them, because they've never heard it. Overall-YES! Make more books like this, Adam Rex!

8 of 8 people found the following review helpful.
Fun, smart poems about monsters!
By Andy J. Smith
Fun, smart poems about monsters for Halloween or anytime! Whether you are an adult or a child, a poetry lover, or just a monster lover you will love this book! Adam Rex's mastery with word and picture are as evident as his love of 50's horror movies! There are many individual poems but the book is well balanced as a whole with several reoccuring characters and similarly themed poems. A fun way to introduce reading to a child, and not at all scary (for better or for worse!)

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Jumat, 15 Juli 2011

[Z863.Ebook] Free PDF Carving Architectural Detail in Wood: The Classical Tradition, by Frederick Wilbur

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Carving Architectural Detail in Wood: The Classical Tradition, by Frederick Wilbur

“A primer for woodcarvers in the vocabulary of classical ornamentation, and the practical skills needed to carve it.”—Woodshop News. “Blueprints are provided for moldings, volutes, rosettes, and capitals. A selection of projects demonstrates the possibilities of combining various elements to create your own unique variations.”—Chip Chats.

  • Sales Rank: #1211122 in Books
  • Brand: Brand: Guild of Master Craftsman
  • Published on: 2001-06-30
  • Original language: English
  • Number of items: 1
  • Dimensions: .47" h x 8.29" w x 10.87" l, 1.38 pounds
  • Binding: Paperback
  • 176 pages
Features
  • Used Book in Good Condition

About the Author
Virginia

Most helpful customer reviews

2 of 2 people found the following review helpful.
Fine book on carving architectural details in wood
By David Arbogast
This is one of two books by Mr. Wilbur on carving. It is not for the novice carver as he assumes a basic knowledge of carving techniques. There are other books which are much more specific on carving techniques than this one. However, it does explain in fair detail a number of examples of standard details such as egg-and-dart molding and, as such, is both interesting and valuable.

10 of 10 people found the following review helpful.
Elegant work
By David A. Smith
This work is very descriptive in both word and picture of architectural detail. It demonstrates methods of calculating the plan or measuring the details to permit you to lay out elegant but traditional carving projects. It has been a wonderful source of learning for me and a guide to several carving motifs. The author is publishing a second book that I am anxious to see.

0 of 1 people found the following review helpful.
Christmas Wish
By Erica42
My husband is a woodcarver and specifically listed this book on his Christmas Wish List.

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Selasa, 12 Juli 2011

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  • Sales Rank: #6995616 in Books
  • Published on: 2011-12-20
  • Binding: Hardcover

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Senin, 11 Juli 2011

[E541.Ebook] Free Ebook Discrete-Time Processing of Speech Signals, by John R. Deller, John G. Proakis, John H. L. Hansen

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Discrete-Time Processing of Speech Signals, by John R. Deller, John G. Proakis, John H. L. Hansen



Discrete-Time Processing of Speech Signals, by John R. Deller, John G. Proakis, John H. L. Hansen

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Discrete-Time Processing of Speech Signals, by John R. Deller, John G. Proakis, John H. L. Hansen

Commercial applications of speech processing and recognition are fast becoming a growth industry that will shape the next decade. Now students and practicing engineers of signal processing can find in a single volume the fundamentals essential to understanding this rapidly developing field. IEEE Press is pleased to publish a classic reissue of Discrete-Time Processing of Speech Signals. Specially featured in this reissue is the addition of valuable World Wide Web links to the latest speech data references.

This landmark book offers a balanced discussion of both the mathematical theory of digital speech signal processing and critical contemporary applications. The authors provide a comprehensive view of all major modern speech processing areas: speech production physiology and modeling, signal analysis techniques, coding, enhancement, quality assessment, and recognition. You will learn the principles needed to understand advanced technologies in speech processing -- from speech coding for communications systems to biomedical applications of speech analysis and recognition.

Ideal for self-study or as a course text, this far-reaching reference book offers an extensive historical context for concepts under discussion, end-of-chapter problems, and practical algorithms. Discrete-Time Processing of Speech Signals is the definitive resource for students, engineers, and scientists in the speech processing field.

An Instructor's Manual presenting detailed solutions to all the problems in the book is available upon request from the Wiley Makerting Department.

  • Sales Rank: #4035972 in Books
  • Published on: 1993-03
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.75" h x 6.50" w x 1.50" l,
  • Binding: Hardcover
  • 928 pages

From the Publisher
This book covers the essential aspects of modern speech processing-- analysis, synthesis and coding, enhancement and quality assessment, and recognition. It also contains a comprehensive review of fundamental topics such as signal processing, stochastic processes, pattern recognition, and information theory, and includes an extensive background bibliography. The book provides state-of-the-art information for advanced research and development in the computer processing of speech, and gives the reader a thorough understanding of speech processing concepts.

From the Back Cover
Electrical Engineering Discrete-Time Processing of Speech Signals Commercial applications of speech processing and recognition are fast becoming a growth industry that will shape the next decade. Now students and practicing engineers of signal processing can find in a single volume the fundamentals essential to understanding this rapidly developing field. IEEE Press is pleased to publish a classic reissue of Discrete-Time Processing of Speech Signals. Specially featured in this reissue is the addition of valuable World Wide Web links to the latest speech data references. This landmark book offers a balanced discussion of both the mathematical theory of digital speech signal processing and critical contemporary applications. The authors provide a comprehensive view of all major modern speech processing areas: speech production physiology and modeling, signal analysis techniques, coding, enhancement, quality assessment, and recognition. You will learn the principles needed to understand advanced technologies in speech processing—from speech coding for communications systems to biomedical applications of speech analysis and recognition. Ideal for self-study or as a course text, this far-reaching reference book offers an extensive historical context for concepts under discussion, end-of-chapter problems, and practical algorithms. Discrete-Time Processing of Speech Signals is the definitive resource for students, engineers, and scientists in the speech processing field.

About the Author
John R. (Jack) Deller, Jr. is professor of electrical and computer engineering at Michigan State University where he directs the Speech Processing Laboratory. He received the 1998 IEEE Signal Processing Magazine Best Paper Award and the 1997 IEEE Signal Processing Society Meritorious Service Award for his six-year service as editor in chief of the IEEE Signal Processing Magazine. Dr. Deller is the coauthor of Digital Signal Processing and the Microcontroller (Prentice Hall, 1999) and currently serves as associate editor of the IEEE Transactions on Speech and Audio Processing. He is a Fellow of the IEEE.

John H. L. Hansen is an associate professor at the University of Colorado at Boulder; he holds appointments in the Department of Speech, Language, and Hearing Sciences and in the Department of Electrical and Computer Engineering. Dr. Hansen serves as associate director for the Center for Spoken Language Understanding (CSLU) and director of research activities of the Robust Speech Processing Laboratory at CSLU. He has served as technical advisor to the U.S. delegate for NATO, and he is associate editor of the IEEE Transactions on Speech and Audio Processing and of the IEEE Signal Processing Letters. Dr. Hansen received the 1990 National Science Foundation Research Initiation Award and has been named a Lilly Foundation Teaching Fellow for contributions to the advancement of engineering education.

John G. Proakis is a faculty member of the Electrical and Computer Engineering Department at Northeastern University. His professional experience is in the general area of digital communications and digital signal processing. Dr. Proakis is the author of Digital Communications (McGraw-Hill, 3rd ed., 1995) and the coauthor of Introduction to Digital Signal Processing (Prentice Hall, 3rd ed., 1996); Advanced Digital Signal Processing (Macmillan, 1992); Communication Systems Engineering (Prentice Hall, 1994); Digital Signal Processing Using MATLAB (PWS, 1997); and Contemporary Communication Systems Using MATLAB (PWS, 1998). He is a Life Fellow of the IEEE.

Most helpful customer reviews

8 of 8 people found the following review helpful.
The best comprehensive overview of speech processing
By Optimistix
I've seen a lot of books on Speech processing, but this one's the best by quite some margin. Rabiner & Schafer's classic could've edged this one out, but it's slightly dated now(1978 was a long time ago!) - it remains a great source for the fundamentals, though. However, this book is uptodate, as well as quite exhaustive in its coverage of the basics. One can get a solid grasp of basic speech processing(eg pitch analysis), synthesis, compression and recognition. The chapters on recognition, especially, are quite impressive,with detailed treatment of all the standard techniques in the field,including Dynamic time warping,Hidden Markov models & Neural networks. Everything from isolated word recognition to large vocabulary continuous speech recognition is touched upon.
This book is an ideal starting point for exploring the world of speech processing,which is a very rich area of research and has virtually limitless commercial applications,too.
A word of caution though - this is not for the layman.One requires a bit of a background in mathematics,and a little knowledge of digital signal processing won't hurt either.
I have only nice things to say about this book.The only possible crib could be the hefty price tag,but then this is typical of books in this field.
All in all,it's an excellent textbook,which ought to be read by everyone working in speech processing.

3 of 3 people found the following review helpful.
Good overview
By A Customer
This is an attempt to cover many aspects of speech processing, including modeling, coding, synthesis, enhancement, and recognition. Since each of the mentioned areas is a thick book on its own, the present book does not and cannot provide in depth coverage. I like some stories told in the book, like the development of the mechanical vocoder. But I find it to be wordy and in many instances, somehow impractical, like the exagerated mathematical treatment of the acoustic tube model. Also, the mathematical notations tend to be awkward. Due to technological advances, many topics contained in this book are already outdated.

2 of 2 people found the following review helpful.
A good reference, but too theoretical
By Charles John Gervasi
This book is very thorough, but at times it seems like the authors go out of their way to keep their discussion on a very theoretical level.
Chapter 1: A highly theoretical review of DSP. You need good knowledge of DSP to understand it.
Chapter 2: Goes over the human speech production and recognition systems. Here you get some practical info on the spectral and time-domain properties that distinguish speech sounds.
Chapter 3: Describes a model of the speech production based on a series of pulses passed through filters that correspond to features of the human speech production system. Practical issues such as which zero and pole values work best are left as an exercise to the reader.
Chapter 4: A lot of mathematics relating long-term statistical properties to those of a short frame of speech data. Contains good info on how to find recursive formulas for statistical properties of speech frames. It is a great shame that the authors don't include examples in MATLAB or pseudo code.
Chapter 5: Linear Prediction. Discusses a mathematical algorithm for creating a prediction filter that could be used to predict the next value in a series of data. In speech processing we are interested in using the coefficients of this prediction filter to encapsulate the properties of a speech frame. Examples of 1st,, 2nd, and 3rd order filters would have gone along way to illustrate how to implement this. There are some good formulas to measure the degree of similarities between speech frames based on their LP filter coefficients.
Chapter 6: Introduces the concept of the cepstrum. Cepstral analysis allows you to de-convolve speech data to separate the excitation source from the vocal tract filter. That way you can lifter out (a play on filter out) the excitation (responsible for pitch) and focus only on the vowel sounds. As always, how to make it work is left as an exercise.
The rest of the book is about speech coding and speech recognition. My class did not cover the later chapters, so I only read the parts that applied to projects.
The book helped me understand speech processing journal articles which tend to assume a lot of background knowledge.
The theoretical background that this book provides is necessary; good engineers need to understand the underpinnings of their bag of tricks. It is painful, however, at times. To apply the information in this book, you will certainly need a good mentor and a lot of tinkering in MATLAB.

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