About This Show
The DutyLife's show is all about providing and helping aspiring entrepreneurs,entrepreneurs,business owners,CEO,CFO,Marketing Managers,Policy Makers,Individuals- how to make decision under incomplete information , incomplete understanding and how to build system where mistake can occur without threaten the system and most importantly control recycle and use as fuel from improvement.
Most Recent Episode
Top Model Body Illusion
4 days ago
A good friend of mine Fat John decided to lose the extra pound weigh he had be dragging around. He resolved taking up various sport. However, bodybuilders look looked broad and cyclist? Oh so bottom heavy. Swimmer, though appealed to him with their well-built, streamlined bodies. Fat john decided to sign up at his local swimming pool and to train hard three times a week. After a short while he realised that he failed short to an illusion. The world class swimmers don’t have outstanding bodies because of their extensive taining.Rather they are good swimmers, because of their physiques. How their body is designed is a matter of natural selection than result of their activities.And from the same token – female to Model advertise cosmetics and thus, many female consumers believe that, these products make you beautiful .But it is not the cosmetics that make these women model like. The answer is simple and straight, the model are born attractive and for only this reason they are candidate for cosmetics advertising. After all, She is not a beautiful woman whose ankle or arm is praised, but she whose general appearance makes you forget to admire her single attributes. As with the swimmers bodies, beauty is a factor for natural selection not result of activities. Whenever we confuse natural factors with results, we fall prey of what the best risk real world expert alive today Nassim Taleb call the swimmer body illusion. Without this, close to half of advertising campaign may not work. But this bias goes beyond that. For example Harvard has the reputation of being a top university. Many world class successful people have studied there .But does this mean Harvard is a Top school? We don’t know for sure. May be the school is terrible and simply enrol by recruiting the best and brightest around. So all over the world, MBA Schools entice by attracting potential candidates with statistics regarding future income. This simple calculation is supposed to show that horrendously high tuition fees pay for themselves after a short period of time. Many prospective students’ fall for this approach.Becareful I am not implying that – those statistics are fake, but still their statements must not be swal