Fri.Jun 30, 2023

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Endowment Effect: Why people value what they currently have

Idea to Value

Have you ever wanted to buy something, but the person selling wanted more than you thought it was worth? That person might have been suffering from the Endowment Effect. The Endowment Effect is a cognitive bias where people who own a good to value it more than people who do not. It was popularised by the work of Daniel Kahneman, Jack Knetch and Richard Thaler, especially their 1990 research.

Examples 211
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13 Principles for Using AI Responsibly

Harvard Business Review

The competitive nature of AI development poses a dilemma for organizations, as prioritizing speed may lead to neglecting ethical guidelines, bias detection, and safety measures. Known and emerging concerns associated with AI in the workplace include the spread of misinformation, copyright and intellectual property concerns, cybersecurity, data privacy, as well as navigating rapid and ambiguous regulations.

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Unlocking Innovation Through Unlimited Vacations

Phil McKinney

Taking a vacation has always been a luxury, something I rarely took as I felt it would slow me down and put me behind in my work. However, as I've grown older (wiser) and taken on more responsibilities in my career, I realize vacations are essential to keeping me creative, motivated, and focused. The result was I changed my reluctance towards a vacation to taking extended vacations for personal creativity and innovation.

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How to Explain a Gap in Your Resume

Harvard Business Review

Since the pandemic, most employers have been more understanding and less discriminating regarding resume gaps — but you have to be ready to explain the gaps clearly, confidently, and without stumbling. Owning your career trajectory means connecting all the dots for the recruiter and hiring manager. Shaping the narrative around any gaps yourself will help make them a non-issue.

How To 96
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Turn Payments Into Personalization: Unlock the Value of Transaction Data

Speaker: Loreal Lynch, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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How can we encourage more Collaborative Solutions in the Energy Transition?

Innovating4Energy

Pinned to my door, is the needed path to the Collaborative Energy Transition Approach I have to admit that I am skeptical of individual energy organizations’ pledges to move toward a carbon-neutral future. They argue that there is a limited amount of time to make this transition and that individual organizations cannot achieve this alone but they do not seem open enough to alternative suggestions for how to overcome the constraints, are they exploring alternative thinking enough?

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The Key to Generating Maximum Value in Today's Fast-Changing, Competitive Business Environment

Entrepreneur - Innovation

To stay competitive in today's fast-moving world, companies need to drive value with more creative innovation commoditized faster.

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Wazoku announces full integration with Microsoft Teams!

Wazoku

London, United Kingdom. 30 th June 2023 – Innovation scale-up Wazoku has announced a full integration with collaboration platform Microsoft Teams , allowing users to access Wazoku from anywhere within Teams. This is the latest upgrade to Wazoku’s product that gives employees a true voice and is designed to put the tools for idea management front and center to their work, every day.