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MAXING OUT

WHY WOMEN SABOTAGE THEIR FINANCIAL SECURITY

The Cinderella Complex revisited, this time with dollar signs added. In The Cinderella Complex (1981) Dowling hypothesized that even the most liberated woman had a secret hope that The Prince, glass slipper in hand, was en route to rescue her from independence and responsibility. The book was an international bestseller, earning Dowling millions. Ten years later she was broke, owing the IRS more than $70,000. She sold the two houses she owned, moved into a small rental, and paid the federal government $760 a month to retire her debt. At one point, Dowling moans, she had grossed $400,000 a year and ran American Express bills up to $3,000 a month; now she was reduced to shopping at discount stores and coloring her own hair. Sympathy from economically hard-pressed readers is likely to take a deep dive at this point. To her credit, Dowling takes responsibility for her irresponsibility about money and seizes the opportunity to explore why she and other women like her don—t, or can—t, plan ahead. The same yearning to have someone else take care of them, a reluctance to take risks, and an inclination to provide for others lead women toward financial insolvency, as does a pervasive “bag lady” fantasy—that they will end up on the streets, penniless, in their old age. While noting recent research on preadolescent girls’ socially conditioned retreat from competence, Dowling nevertheless rather unconvincingly sets up men as models of financial prudence. Her efforts to present female role models are undermined by her examples, among them the Beardstown Ladies, recently exposed as less than they seemed to be. There is no question that managing money is a cause of great anxiety—but as many men as women have ridden the roller coaster of high times, only to crash and burn. Copying male habits may not be the answer. Engagingly written, but essentially a reworking of the territory of the author’s earlier books, without many surprises. (Author tour)

Pub Date: June 1, 1998

ISBN: 0-316-19120-5

Page Count: 304

Publisher: Little, Brown

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: May 1, 1998

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THINKING, FAST AND SLOW

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our...

A psychologist and Nobel Prize winner summarizes and synthesizes the recent decades of research on intuition and systematic thinking.

The author of several scholarly texts, Kahneman (Emeritus Psychology and Public Affairs/Princeton Univ.) now offers general readers not just the findings of psychological research but also a better understanding of how research questions arise and how scholars systematically frame and answer them. He begins with the distinction between System 1 and System 2 mental operations, the former referring to quick, automatic thought, the latter to more effortful, overt thinking. We rely heavily, writes, on System 1, resorting to the higher-energy System 2 only when we need or want to. Kahneman continually refers to System 2 as “lazy”: We don’t want to think rigorously about something. The author then explores the nuances of our two-system minds, showing how they perform in various situations. Psychological experiments have repeatedly revealed that our intuitions are generally wrong, that our assessments are based on biases and that our System 1 hates doubt and despises ambiguity. Kahneman largely avoids jargon; when he does use some (“heuristics,” for example), he argues that such terms really ought to join our everyday vocabulary. He reviews many fundamental concepts in psychology and statistics (regression to the mean, the narrative fallacy, the optimistic bias), showing how they relate to his overall concerns about how we think and why we make the decisions that we do. Some of the later chapters (dealing with risk-taking and statistics and probabilities) are denser than others (some readers may resent such demands on System 2!), but the passages that deal with the economic and political implications of the research are gripping.

Striking research showing the immense complexity of ordinary thought and revealing the identities of the gatekeepers in our minds.

Pub Date: Nov. 1, 2011

ISBN: 978-0-374-27563-1

Page Count: 512

Publisher: Farrar, Straus and Giroux

Review Posted Online: Sept. 3, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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THE LAWS OF HUMAN NATURE

The Stoics did much better with the much shorter Enchiridion.

A follow-on to the author’s garbled but popular 48 Laws of Power, promising that readers will learn how to win friends and influence people, to say nothing of outfoxing all those “toxic types” out in the world.

Greene (Mastery, 2012, etc.) begins with a big sell, averring that his book “is designed to immerse you in all aspects of human behavior and illuminate its root causes.” To gauge by this fat compendium, human behavior is mostly rotten, a presumption that fits with the author’s neo-Machiavellian program of self-validation and eventual strategic supremacy. The author works to formula: First, state a “law,” such as “confront your dark side” or “know your limits,” the latter of which seems pale compared to the Delphic oracle’s “nothing in excess.” Next, elaborate on that law with what might seem to be as plain as day: “Losing contact with reality, we make irrational decisions. That is why our success often does not last.” One imagines there might be other reasons for the evanescence of glory, but there you go. Finally, spin out a long tutelary yarn, seemingly the longer the better, to shore up the truism—in this case, the cometary rise and fall of one-time Disney CEO Michael Eisner, with the warning, “his fate could easily be yours, albeit most likely on a smaller scale,” which ranks right up there with the fortuneteller’s “I sense that someone you know has died" in orders of probability. It’s enough to inspire a new law: Beware of those who spend too much time telling you what you already know, even when it’s dressed up in fresh-sounding terms. “Continually mix the visceral with the analytic” is the language of a consultant’s report, more important-sounding than “go with your gut but use your head, too.”

The Stoics did much better with the much shorter Enchiridion.

Pub Date: Oct. 23, 2018

ISBN: 978-0-525-42814-5

Page Count: 580

Publisher: Viking

Review Posted Online: July 30, 2018

Kirkus Reviews Issue: Aug. 15, 2018

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