In this the final chapter, Cialdini reminds us of how important it is to recognize the shortcuts we employ in the making of decisions, as described in the previous seven chapters. He argues that as the amount of information which is at our fingertips continues to grow (thanks in large part to the internet), humans will increasingly need to use the cognitive tools we have developed to make decisions.
These shortcuts are useful. Without them, we would need to analyze every detail of every situation, often duplicating the work of others or even ourselves. But their use also makes us vulnerable to error. Compliance practitioners who understand these shortcuts can use them against us.
Cialdini urges readers to be aggressive against such practitioners. We should shun products that use such tactics in their advertisements, and send letters to the ad agencies demanding honesty in their marketing. He also advises that we refuse to watch tv programs that use canned laughter, refuse to tip bartenders that we see filling up their own tip jar, and shun night clubs with line ups that offer false evidence of the club's popularity. Boycott, threaten, confront, and censure, in order to retaliate. It's the only way to ensure that these shortcuts remain useful.
5 comments:
hi saj , im a huge fan of urs and im extremely sorry to say dude ,u r doing a gr8 job please remember u r the nearest source of sanity among all the so called investing sites! but i guess it seems quite apparent that interest for this psychology stuff is trading at a discount (im sorry pls dont mind)
with regrets for the criticism,
A BIG FAN
Haha, thanks for the tip, FAN!
Is that you, Rayhaan?
i guess ive probably outlived my welcome here, yeah it was me
p.s how did u figure it out?(is my grammer so bad?)
Haha, Rayhaan! Let's just say you have a unique commenting style for this site...but probably fit right in on Facebook ;)
thx saj,(im assuming without taking a margin of safety, this little incognito comment was forgiven) have u considered joining the value investing network on facebook? looks right up ur street , it says so in the app that its long term goal is to seed some of the members hedge fund ambitions ,i mean u actually have ur own fund!!!!
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