Word: thaler
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Just as the starchy, bow-tied, dress-for-success suit is an artifact of an earlier age, The Power of Nice argues that the bossy broad that early self-help authors championed is outdated. Nice is the new mean, insist co-authors Linda Kaplan Thaler and Robin Koval. They bravely--and persuasively--endorse a more traditional feminine style. Says Koval: "The business world has developed in a male culture, where the worst thing that a man could say to another man is, 'You're a wimp. You're not tough enough.' As women came into business, a lot of them...
...some "retail therapy." He doesn't make impulse buys. And he doesn't always know or care what he wants, let alone what he can afford. "The bursting of the Internet bubble may have been the final nail in the coffin of the efficient-market hypothesis," says Richard Thaler, a professor at the University of Chicago...
...shaky Friday. That's when individual investors--who do the majority of Monday trading--tend to ponder their investments and nervously peruse speculation in Barron's on Saturday and the big newspaper financial sections on Sunday before deciding to bail out. Other experts, like University of Chicago professor Richard Thaler, put it down to basic psychology. "People are just in bad moods on Mondays," he says. And the market, we've come to learn, is only human...
When Andrea Thaler, 46, was wheeled into the operating room for routine gallbladder surgery five years ago, she thought she was in a safe place. But as soon as the operation began, the Nashville, Tenn., HMO executive realized that the sedatives and pain-killers administered by her anesthesiologist hadn't quite taken hold. She could feel the surgeon make six "slicing, burning" laparoscopic incisions in her abdomen, but she was trapped by the paralytic drugs given along with the anesthesia, and she couldn't cry out or even open her eyes. "I was screaming in a black hole," she recalls...
...Thaler was experiencing a phenomenon that anesthesiologists delicately call "awareness." These unexpected wake-ups occur in at least 40,000 of the nation's 20 million annual surgeries, according to Emory University anesthesiologist Peter Sebel, who has studied the problem. In most cases the pain-killers keep working, and all the patient feels is the unnerving pressure of a scalpel cutting and scraping. But, Sebel estimates conservatively, in at least 400 such awareness accidents, the pain breaks through the veil of drugs. It's possible, say other experts, that the number of patients who wake up each year to excruciating...