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	<title>Eric Riess &#187; observations</title>
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		<title>It&#8217;s the Economy, Stupid</title>
		<link>http://ericriess.com/its-the-economy-stupid/</link>
		<comments>http://ericriess.com/its-the-economy-stupid/#comments</comments>
		<pubDate>Tue, 07 Sep 2010 14:41:22 +0000</pubDate>
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				<category><![CDATA[Coaching]]></category>
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		<guid isPermaLink="false">http://ericriess.com/?p=234</guid>
		<description><![CDATA[Been traveling over the last few weeks and while I continue to read stories about high unemployment and how it will give Republicans an edge in the Fall  elections, I have to say, I just don&#8217;t see it.
The New York Times  had a recent front page story claiming that even the hi-tech industry wasn&#8217;t hiring.
Maybe [...]]]></description>
			<content:encoded><![CDATA[<p>Been traveling over the last few weeks and while I continue to read stories about high unemployment and how it will give Republicans an edge in the Fall  elections, I have to say, I just don&#8217;t see it.</p>
<p>The New York Times  had a <a href="http://www.nytimes.com/2010/09/07/business/economy/07jobs.html?_r=1&amp;hp">recent front page story</a> claiming that even the hi-tech industry wasn&#8217;t hiring.</p>
<p>Maybe it&#8217;s my own version of cognitive dissonance &#8211; refusing to believe facts counter to you own beliefs &#8211; but I hear  a different theme.</p>
<p>Every major firm in Silicon Valley has openings. Google&#8217;s stock has recently taken a hit, in part because they have added more people &#8211; too many according analysts. Yahoo, Intel, Apple and others are all looking for talented employees.</p>
<p>The problem seems to be they can&#8217;t find enough with the right skills so they are all trying to hiring the same folks. That&#8217;s not an employment problem it&#8217;s a skills/training issue.</p>
<p>I know a man who was unemployed in Silicon Valley for 18 months and recently found a job and has since had two other opportunities. That&#8217;s a far cry from what he&#8217;s been through.</p>
<p>Or take my friends in Hawaii, who don&#8217;t claim the economy has recovered, but say, it&#8217;s certainly better than last year.</p>
<p>Or take the woman in Boston who I ran into. She just started working after a 9-month forced vacation. She says the hotel in Cambridge that hired her has been booked solid since she started working in April.</p>
<p>Or take the man in New York who I met, who works three part time jobs and just lost one of them when a financial services firm closed. He&#8217;s able to collect unemployment so he&#8217;s counted in statistics but he&#8217;s not exactly desperate.</p>
<p>My unscientific survey of  &#8216;Help Wanted&#8217; signs in store windows shows a marked increase over last year. I&#8217;ve seen them in New York City, Boston, and San Francisco.</p>
<p>I&#8217;m not sure what all this proves except that, as I tell my clients, if you believe things are bad that will come through in your interviews and enthusiasm. But if you believe things are headed in the right direction despite the political rhetoric, you&#8217;ll have a much easier time finding something.</p>
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		<title>Course Corrections</title>
		<link>http://ericriess.com/course-corrections/</link>
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		<pubDate>Wed, 25 Aug 2010 13:51:04 +0000</pubDate>
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				<category><![CDATA[Coaching]]></category>
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		<guid isPermaLink="false">http://ericriess.com/?p=215</guid>
		<description><![CDATA[I met a newlywed couple last week. He is a lawyer, she is a medical resident working at a health center in Colorado. They met in New York City where he was working and she was finishing med school and moved West to accommodate her career.
They were on their honeymoon – in fact when she [...]]]></description>
			<content:encoded><![CDATA[<p>I met a newlywed couple last week. He is a lawyer, she is a medical resident working at a health center in Colorado. They met in New York City where he was working and she was finishing med school and moved West to accommodate her career.</p>
<p>They were on their honeymoon – in fact when she introduced herself by her maiden name her husband’s reaction was pretty priceless. She corrected herself quickly substituting his four syllable name for her shorter moniker. I don’t think any lasting damage was done and I’m sure the kiss- and-make-up portion of the evening was pretty good.</p>
<p>Names aside he admitted that after four years as an undergraduate, three years of law school, a year getting ready for the bar exam, and three years working as a patent lawyer in New York, he hated his career.</p>
<p>His wife was quick to point out that despite working 90-hour weeks she loved hers and that when she finished her residency she was taking a year-long post working in New Zea land &#8211;  both to see a new culture and explore another medical system.</p>
<p>Practicing law in New Zealand probably wasn’t in the cards for what appeared to be a short-term commitment, so he was clearly a bit up in the air about what to do.</p>
<p>The answered seemed  obvious to me; try as many jobs as you can. Maybe you’ll discover that what you’ve trained for was pretty good after all or maybe you’ll decide that sheep farming is a great career.</p>
<p>His wife didn’t seem to care so long as they were together and she could practice medicine. I complimented her and told her husband to just remember the two most important words in any marriage, “yes, dear.”</p>
<p>Changing course is one of the toughest challenges most people have to face. It usually means you have to admit you made a mistake and then you have to figure out a new direction. Anything you can do to eliminate options – including finding out what you don’t like &#8211; will make the decision easier.</p>
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		<title>That&#8217;s How We Do Things</title>
		<link>http://ericriess.com/thats-how-we-do-things/</link>
		<comments>http://ericriess.com/thats-how-we-do-things/#comments</comments>
		<pubDate>Sat, 21 Aug 2010 21:31:36 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://ericriess.com/?p=210</guid>
		<description><![CDATA[Start with a cage containing five monkeys.
Inside the cage, hang a banana on a string and place a set of stairs under it. Before long, a monkey will go to the stairs and start to climb towards the banana. As soon as he touches the stairs, spray all of the other monkeys with cold water.
After [...]]]></description>
			<content:encoded><![CDATA[<p>Start with a cage containing five monkeys.</p>
<p>Inside the cage, hang a banana on a string and place a set of stairs under it. Before long, a monkey will go to the stairs and start to climb towards the banana. As soon as he touches the stairs, spray all of the other monkeys with cold water.</p>
<p>After a while, another monkey makes an attempt with the same result &#8211; all the other monkeys are sprayed with cold water. Pretty soon, when another monkey tries to climb the stairs, the other monkeys will try to prevent it.</p>
<p>Now, put away the cold water. Remove one monkey from the cage and replace it with a new one. The new monkey sees the banana and wants to climb the stairs. To his surprise and horror, all of the other monkeys attack him.</p>
<p>After another attempt and attack, he knows that if he tries to climb the stairs, he will be assaulted.</p>
<p>Next, remove another of the original five monkeys and replace it with a new one. The newcomer goes to the stairs and is attacked. The previous newcomer takes part in the punishment with enthusiasm! Likewise, replace a third original monkey with a new one, then a fourth, then the fifth. Every time the newest monkey takes to the stairs, he is attacked.</p>
<p>Most of the monkeys that are beating him have no idea why they were not permitted to climb the stairs or why they are participating in the beating of the newest monkey.</p>
<p>After replacing all the original monkeys, none of the remaining monkeys have ever been sprayed with cold water. Nevertheless, no monkey ever again approaches the stairs to try for the banana. Why not? Because as far as they know that&#8217;s the way it&#8217;s always been done round here.</p>
<p>And that, my friends, is how company policies are made.</p>
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		<title>Making Assumptions</title>
		<link>http://ericriess.com/making-assumptions/</link>
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		<pubDate>Sat, 21 Aug 2010 21:19:22 +0000</pubDate>
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		<guid isPermaLink="false">http://ericriess.com/?p=206</guid>
		<description><![CDATA[	I was in a local card shop recently when a young mother and her tow-haired 3-year-old walked in.
 They had obviously been in before because the youngster made a bee-line for some cuddly stuffed animals and, after a brief stop, headed for a candy display conveniently placed at his eye-level.
“OK,,” his mom said, &#8220;you can [...]]]></description>
			<content:encoded><![CDATA[<p>	I was in a local card shop recently when a young mother and her tow-haired 3-year-old walked in.</p>
<p> They had obviously been in before because the youngster made a bee-line for some cuddly stuffed animals and, after a brief stop, headed for a candy display conveniently placed at his eye-level.</p>
<p>“OK,,” his mom said, &#8220;you can have one.”<br />
“No, two,” he answered.<br />
“One,” his mother said firmly.</p>
<p>His mother eyed me and then the clerk, who were watching to see who would win the battle of wills. The conversation degenerated quickly to “One,” Two,” “One,”  “Two.”</p>
<p>Exasperated the mother tried “It’s either one, or none.” The youngster, looked up sadly and holding two candies in his hand, said simply, “I was thinking of you.”<br />
Guess how many candies mom bought.</p>
<p>Next time you get into an argument, make sure you think things through before you back yourself into a corner.</p>
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		<title>The New Jounali$m</title>
		<link>http://ericriess.com/the-new-jounalim/</link>
		<comments>http://ericriess.com/the-new-jounalim/#comments</comments>
		<pubDate>Mon, 26 Jul 2010 16:30:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
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		<guid isPermaLink="false">http://ericriess.com/?p=183</guid>
		<description><![CDATA[The following is an excerpt from a &#8216;Wall Street Journal&#8217;  interview with Randy Michaels, the CEO of the Tribune Companies. It reflects an attitude that will send a chill down the spine of local journalists everywhere and explains why these newspapers will never succeed as a group and will hopefully be sold off to [...]]]></description>
			<content:encoded><![CDATA[<p>The following is an excerpt from a &#8216;Wall Street Journal&#8217;  interview with Randy Michaels, the CEO of the Tribune Companies. It reflects an attitude that will send a chill down the spine of local journalists everywhere and explains why these newspapers will never succeed as a group and will hopefully be sold off to revert to local ownership.</p>
<p> &#8220;WSJ: You&#8217;ve centralized the production of foreign and national news across your papers to save money and manpower. What have you done and why?</p>
<p>Mr. Michaels: Stories [are] laid out in modules — standard sizes with collections of headlines, content, images [reducing the need for layout and copy editors]. If you pick up the Allentown [Pa.] Morning Call, the foreign news was written in Los Angeles and the national news was written in either Chicago or Washington. It&#8217;s probably higher quality journalism than a local paper that size is going to be able to afford.&#8221;</p>
<p>In many ways I still consider myself a journalist &#8211; once it&#8217;s in your blood there&#8217;s not much you can do. I have seen too many newspapers ruined by this kind of number-crunching rationale and it pains me to see it repeated.</p>
<p>As a coach and managerial consultant it strikes me as exactly the wrong message to be sending to the employees who are working to get you out of the financial hole you put them in.</p>
<p>You can read the <a href="http://online.wsj.com/article/SB10001424052748703467304575383193051347282.html?mod=djemMM_t">full interview here</a>.</p>
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		<title>The Real Eco-Story</title>
		<link>http://ericriess.com/the-real-eco-story/</link>
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		<pubDate>Fri, 16 Jul 2010 16:35:48 +0000</pubDate>
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				<category><![CDATA[Book Review]]></category>
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		<guid isPermaLink="false">http://ericriess.com/?p=178</guid>
		<description><![CDATA[If you are among the legions of Americans looking for the  best way to rescue the planet from ecological disaster, Fred Pearce&#8217;s &#8220;Confessions of an Eco-Sinner&#8221; is a must read.
While Pearce is based in England and his examples and specifics are tailored to the experiences of that country, his investigations are enlightening for anyone [...]]]></description>
			<content:encoded><![CDATA[<p>If you are among the legions of Americans looking for the  best way to rescue the planet from ecological disaster,<a href="http://www.amazon.com/Confessions-Eco-Sinner-Tracking-Sources-Stuff/dp/0807085952/ref=sr_1_1?ie=UTF8&#038;s=books&#038;qid=1279298109&#038;sr=8-1"> Fred Pearce&#8217;s &#8220;Confessions of an Eco-Sinner&#8221;</a> is a must read.</p>
<p>While Pearce is based in England and his examples and specifics are tailored to the experiences of that country, his investigations are enlightening for anyone who has ever wondered what &#8216;fair trade&#8217; really means.</p>
<p>Pearce takes number of common beliefs or  trademarks and follows them back to their source to see if they are really having the ecological and economic impact we expect.</p>
<p>So, for example, he traces the origination of &#8216;Fair Trade&#8217; coffee to see if there really is some  benefit to farmers. He doesn&#8217;t just research the topic in books and articles. He&#8217;s attends coffee bean auctions in Kenya with the buyers of the coffee and interviews the farmers who make more per pound for their fair trade crop. He asks them directly, if the extra work is worth it. He is not the most popular man in the room.</p>
<p>He looks at the common banana and finds the seeds of an impending economic disaster.</p>
<p>He looks at cotton, &#8220;The Fabric of our Lives,&#8221; as the ad tell us and finds out  exactly what it means to the plant, whether it&#8217;s grown organically or not. </p>
<p>He looks at everyday items, from aluminum beer cans to the shrimp cocktail, to find out the real costs of production. </p>
<p>Not all the news is bad, some stories have a happy ending creating a system where both the people and the planet  benefit, but it&#8217;s his intrepid investigations that are the real story.</p>
<p>Unless you&#8217;ve done considerable reading, or conducted your own research, I doubt you&#8217;ll read more than a few pages before coming across  nugget that will have you reconsidering what you do to save the planet.</p>
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		<title>Finding Your Vocation</title>
		<link>http://ericriess.com/finding-your-vocation/</link>
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		<pubDate>Mon, 12 Jul 2010 21:46:39 +0000</pubDate>
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		<guid isPermaLink="false">http://ericriess.com/?p=176</guid>
		<description><![CDATA[Is it really this easy? I went to a Commonwealth Club lecture recently by Craig Nathanson, a coach and author, who&#8217;s main theme was to encourage people over 40 to find work that is not just a paycheck, but is a vocation -something that is fueled by an inner passion.
It was one of those lectures [...]]]></description>
			<content:encoded><![CDATA[<p>Is it really this easy? I went to a <a href="http://www.commonwealthclub.org/about/">Commonwealth Club</a> lecture recently by<a href="http://www.thevocationalcoach.com/"> Craig Nathanson</a>, a coach and author, who&#8217;s main theme was to encourage people over 40 to find work that is not just a paycheck, but is a vocation -something that is fueled by an inner passion.</p>
<p>It was one of those lectures where the audience members left enthused and ready to follow his seven step approach to fame and fortune. </p>
<p>Unfortunately, while I agree that finding a job which provides more than an economic payoff is a great goal, I couldn&#8217;t help make a few observations based in the real world.</p>
<p>The concept of a fulfilling job is a relatively new concept. After World War II our parent&#8217;s generation found a &#8216;career&#8217; with a company who would hire them. A higher calling was not even a consideration. Providing for the family was paramount.</p>
<p>The economy we face today is similar and while, as Nathanson says, the country might be stronger if we all found our vocation, the reality is that money is a necessity. During the Q and A session it was clear financial issues also concerned some audience members.</p>
<p>I have several clients who are perfectly happy working for a paycheck which allows them to support their family and pursue a raft of hobbies and interests which provide purpose to their lives. Nathanson suggested that they may be a rationalizing their situation and that it was not a long-term recipe for happiness.</p>
<p>I would also note that despite the seven-step approach Mr. Nathanson suggests, not everyone can be an entrepreneur and create a job out of their own interests. Not everyone has the ability to complete all the steps &#8211; liking writing an e-zine article &#8211; that will have the world beating a path to their door.</p>
<p>I have several other issues with many of Mr. Nathanson&#8217;s specifics but they would take too much room to detail. While I urge my clients to find their passion and explore ways to make it a career, I also know that enthusiasm has to be tempered with reality  &#8211; especially in an economy with over 10% unemployment.</p>
<p>I have tremendous respect for the  drive, creativity and passion of my clients but they cannot overcome the disappointment of a bad idea executed poorly.</p>
<p>Finding your passion may mean that you never have to work but you have to be realistic. One point I agree on with Nathanson -it&#8217;s a coaches job to help guide you toward the goals you set.</p>
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		<title>Brains in Crises</title>
		<link>http://ericriess.com/brains-in-crises/</link>
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		<pubDate>Tue, 08 Jun 2010 00:39:37 +0000</pubDate>
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		<guid isPermaLink="false">http://ericriess.com/?p=173</guid>
		<description><![CDATA[Barbara Strauch wants Baby Boomers to stop worrying about their &#8217;senior moments.&#8217;
Her latest book, &#8220;The Secret Life of the Grown-Up Brain,&#8221; attempts to explain what&#8217;s going on when middle-age men and women walk from one room to another but can&#8217;t remember why.
You&#8217;ll be happy to know that there are a raft of scientists and psychologists [...]]]></description>
			<content:encoded><![CDATA[<p>Barbara Strauch wants Baby Boomers to stop worrying about their &#8217;senior moments.&#8217;<br />
Her latest book, &#8220;The Secret Life of the Grown-Up Brain,&#8221; attempts to explain what&#8217;s going on when middle-age men and women walk from one room to another but can&#8217;t remember why.</p>
<p>You&#8217;ll be happy to know that there are a raft of scientists and psychologists studying brain functioning and trying to figure out what&#8217;s going on. But Ms Strauch, who admits to being among the age group she&#8217;s trying to put at ease, wants everyone to know, it&#8217;s normal, and better yet, it&#8217;s nothing to worry about.</p>
<p>Her book, like many written by journalist is easy to read and well written. I&#8217;m not sure you&#8217;d call it scholarly but it accomplishes its purpose. </p>
<p>If you&#8217;re middle aged there are changes in your brain that make it tougher to learn, and remember. But, she notes, our mature brains are much better at number of things, such as recognizing patterns and putting things in context, that allow us to keep up with our younger co-workers.</p>
<p>She points out a number of factors which seem to impact better brain function and then spends the last chapter explaining what we can do about it. Unfortunately she notes there&#8217;s no real evidence that all those Brain Games, given away on NPR fund-raisers, really  make any difference. </p>
<p>Fist of all, even those that have been rigorously tested in double-blind longitudinal studies, base their conclusions on self reporting. Additionally, only one of the games have even been subject to any testing &#8211; sponsored by the game manufacturers &#8211; and the rest are just basing their claims on marketing hype.</p>
<p>&#8220;The Secret Life of the Grown-Up Brain&#8221; is a followup to her book on teenager brain function. It&#8217;s an interesting read and should help a lot of Baby Boomers laugh at the endless collection of jokes about our absent minded antics.</p>
<p>It&#8217;s worth a read to find out what really going in our brain on as we age.</p>
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		<title>Greek Debt 101</title>
		<link>http://ericriess.com/greek-debt-101/</link>
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		<pubDate>Sat, 08 May 2010 18:50:41 +0000</pubDate>
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		<guid isPermaLink="false">http://ericriess.com/?p=166</guid>
		<description><![CDATA[I don&#8217;t usually comment on national and international news but this week I  ran into an explanation of the whole Greek debt mess that helped me understand what&#8217;s going on.
In case you haven&#8217;t been following the news I&#8217;ll add some background. The world&#8217;s financial markets have been in an uproar over the last month [...]]]></description>
			<content:encoded><![CDATA[<p>I don&#8217;t usually comment on national and international news but this week I  ran into an explanation of the whole Greek debt mess that helped me understand what&#8217;s going on.</p>
<p>In case you haven&#8217;t been following the news I&#8217;ll add some background. The world&#8217;s financial markets have been in an uproar over the last month because of fears that the Greek government will not be able to pay back money they owe to bankers and investors. The European Union has now pledged $140 billion to help them out.</p>
<p>The bailout has the Greek citizens up in arms because it will mean, tax increases, cuts in public spending (pensions, salaries) and a general belt-cinching they feel is unfair.</p>
<p>That&#8217;s the setup as they say, in the TV biz. But the reasons turn out to be pretty simple to understand.</p>
<p>The owner of a local business, who I know pretty well, is a Greek-American but he still has family back in the old country and visits often. So as I started to walk out of his shop with my purchase I asked, &#8220;What&#8217;s going on back home?&#8221;</p>
<p>&#8220;It&#8217;s simple&#8221; he says. &#8220;You see that piece of paper?&#8221;  he asks, pointing to my receipt. &#8220;In all the years I&#8217;ve been going back, and all the things I&#8217;ve bought, I never got a piece of paper. They don&#8217;t write anything down, so the government has no idea who paid for what, or how much tax they should be getting. Now, they&#8217;re paying the price and they don&#8217;t like it.&#8221;</p>
<p>Sometimes, even the most complex international problems have a simple explanation. I&#8217;m sure the citizens of Greece have other opinions but  this one makes sense to me.</p>
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		<title>Decisions, Decisions</title>
		<link>http://ericriess.com/decisions-decisions/</link>
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		<pubDate>Fri, 07 May 2010 00:20:49 +0000</pubDate>
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		<guid isPermaLink="false">http://ericriess.com/?p=164</guid>
		<description><![CDATA[&#8220;How We Decide&#8221;, a fascinating book by Jonah Lehrer, is another is the long line of texts trying to explain to the general public how our brains work.
Lehrer uses real life examples to illustrate science, helping us understand the split-second decisions made by NFL quarterbacks, airline pilots, and even soldiers in combat situations.
A good portion [...]]]></description>
			<content:encoded><![CDATA[<p>&#8220;How We Decide&#8221;, a fascinating book by Jonah Lehrer, is another is the long line of texts trying to explain to the general public how our brains work.</p>
<p>Lehrer uses real life examples to illustrate science, helping us understand the split-second decisions made by NFL quarterbacks, airline pilots, and even soldiers in combat situations.</p>
<p>A good portion of the book retraces many of the points made by the now-popular science of behavioral economics &#8211; books such as &#8220;Freakonomics,&#8217; &#8216;Predictably Irrational&#8217; and &#8216;Nudge.&#8217; In fact all these books seem to use the same set of experiments to prove their points. </p>
<p>As their most basic level they all help us understand why marketing works as well as it does.</p>
<p>But Lehrer&#8217;s biggest contribution may be his last few chapters as he explains the process that scientists think goes on in our brains as we make a decision. Using fMRI which measures brain activity, they can look at which sections of the brain are most active as we make various kinds of decisions. Everything from simple &#8220;either-or&#8221; choices to more complex moral decisions based on values that are ingrained at a very early age.</p>
<p>His conclusion,- that decisions are basically a three way battle &#8211; suggests that the best tactic is to let brain&#8217;s thought centers battle things out, while you take a break.</p>
<p>Unconsciously, your brain will make a decision and your conscious mind will announce it. It may seem like an unconscious act but you really have no idea what was going on in your brain.</p>
<p>One section I found particularly helpful is the explanation of  what&#8217;s really going on when we&#8217;re positive we have the right answer to almost anything. From politics to predicting human behavior, Lehrer notes, if we&#8217;re that sure, we&#8217;re probably wrong because we tend to ignore facts that don&#8217;t support the decision we already made.</p>
<p>So if you&#8217;re looking for something that&#8217;s easy to read on the beach but has a little more substance than that romance novel or murder mystery, try &#8216;How We Decide,&#8217; and see what&#8217;s really going on between your ears.</p>
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