Leonard Mlodinow : The Drunkard’s Walk – How Randomness Rules Our Lives

drunkard

A trader named Bob Stovall correctly predicted turns in the stock market for 18 out of 19 calendar years. Was he an investment genius?

You have a group of employees who are mastering their fields but every once in a while you have to provide some ‘correction’. When you try to reward the positive performances as all the research says you should, your team seems to do worse the next time out. When they blow it and you comment on their failures in a loud voice, they seem to do better next time out. Should you avoid positive reinforcement?

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