A genial guide to this brave new world of Napster and Netscape.

DIGITAL DEALING

HOW E-MARKETS ARE TRANSFORMING THE ECONOMY

An economist describes and assesses for the lay reader the varieties of current e-market models and speculates about the future of e-commerce.

Hall (Economics/Stanford Univ.) knows the territory—and forecasts a bright future for it. A consultant to Napster, Apple, and Oracle, he lives comfortably in the e-world, speaks the language, understands its principles, and usually explains them so that even Internet tyros will comprehend. (Further evidence of Hall’s cyber-savvy: He has created a Web site featuring material to supplement his text.) Hall begins with a simple assertion: “In e-markets, people make deals.” He then proceeds to explain what he has identified as the six primary e-market models, using such familiar names as eBay, Amazon, Priceline, and Nasdaq to illustrate. Along the way, he explores some basic economic concepts—most prominently, what he calls the “zero-profit principle,” holding that new sellers will continue to enter an emerging e-market until the last one in stands to earn a profit of zero. There is a compelling chapter about on-line auctions (with prudent advice for eBay users and an explanation of how eBay has come to dominate the market), a dense discussion of Nasdaq, and an interesting assessment of online book-buying (books are almost always more expensive than at a bricks-and-mortar bookshop). Hall’s brief account of the recent Napster case is also intriguing. He argues that the music industry, by failing to protect itself against copying, has proved rather more intransigent than innovative. And he twice declares that Priceline teetered at the precipice of destruction when they attempted to supplement their profitable airline ticket business by entering the grocery, gasoline, and phone service arenas, where, says Hall, it didn’t belong. Hall includes numerous graphs and charts, most comprehensible, and he ends each chapter with a feature he calls “Takeaways”—bullet-lists of his main points, arrayed, one supposes, for harried businesspeople troubled by paragraphs and other indications of complexity.

A genial guide to this brave new world of Napster and Netscape.

Pub Date: Sept. 1, 2001

ISBN: 0-393-04210-3

Page Count: 224

Publisher: Norton

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: June 15, 2001

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

THINKING, FAST AND SLOW

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. 4, 2011

Kirkus Reviews Issue: Sept. 15, 2011

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A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

STILLNESS IS THE KEY

An exploration of the importance of clarity through calmness in an increasingly fast-paced world.

Austin-based speaker and strategist Holiday (Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, 2018, etc.) believes in downshifting one’s life and activities in order to fully grasp the wonder of stillness. He bolsters this theory with a wide array of perspectives—some based on ancient wisdom (one of the author’s specialties), others more modern—all with the intent to direct readers toward the essential importance of stillness and its “attainable path to enlightenment and excellence, greatness and happiness, performance as well as presence.” Readers will be encouraged by Holiday’s insistence that his methods are within anyone’s grasp. He acknowledges that this rare and coveted calm is already inside each of us, but it’s been worn down by the hustle of busy lives and distractions. Recognizing that this goal requires immense personal discipline, the author draws on the representational histories of John F. Kennedy, Buddha, Tiger Woods, Fred Rogers, Leonardo da Vinci, and many other creative thinkers and scholarly, scientific texts. These examples demonstrate how others have evolved past the noise of modern life and into the solitude of productive thought and cleansing tranquility. Holiday splits his accessible, empowering, and sporadically meandering narrative into a three-part “timeless trinity of mind, body, soul—the head, the heart, the human body.” He juxtaposes Stoic philosopher Seneca’s internal reflection and wisdom against Donald Trump’s egocentric existence, with much of his time spent “in his bathrobe, ranting about the news.” Holiday stresses that while contemporary life is filled with a dizzying variety of “competing priorities and beliefs,” the frenzy can be quelled and serenity maintained through a deliberative calming of the mind and body. The author shows how “stillness is what aims the arrow,” fostering focus, internal harmony, and the kind of holistic self-examination necessary for optimal contentment and mind-body centeredness. Throughout the narrative, he promotes that concept mindfully and convincingly.

A timely, vividly realized reminder to slow down and harness the restorative wonders of serenity.

Pub Date: Oct. 1, 2019

ISBN: 978-0-525-53858-5

Page Count: 288

Publisher: Portfolio

Review Posted Online: July 21, 2019

Kirkus Reviews Issue: Aug. 15, 2019

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