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Posts Tagged ‘competition’

Can you remember back to your days in 1975 while in Psychology 210: “Psych for the New World”?

A Negative Reinforcer is a stimulus or stimulus set that when removed or terminated increases the probability of that same response in the future.

Richard Fuld claims that ‘we’ made him and the others like him that have tetra dollar salaries and Mega stock and bonuses with parachutes the size of which could fund small nations… Well, he may be right. The contingencies that came together were those things that favored him doing what he did.

We did it or at least reinforced it when it happened. We got them there and we gave them the keys to the kingdom and told them all that we wanted order and profit – if not in that order, we still wanted it. Those that could claim [reliably] to be able to bring it were vetted, signed and installed.

Ugly isn’t it. Guess what…??? Fuld and those like him were the instruments of the body that didn’t want to face the clients, other boards, other nations, regulators and the zealots of legislature on the right, down the middle and the left. Fuld said he’d do it if they, the boards of directors, paid him. They did and he did.

Competition says what the compensation will be. In effect he responded. “You want more, pay me more. You want your assets and reserves and exchanges managed? Get a manager! I bring it to new levels by risking my reputation for the good of the investors and clients. Anything short of that you can get someone from GE to sit at the desk…”

That is what the board wanted to hear…

Now he is doing his job to escape aversive stimuli [career ending sanctions, indictments, loss of pensions, bonuses, and parachutes] which is reinforcing to him and his companies… it is as reinforcing to him as it is to you and I only his scale of success makes it seem more gluttonous. Perhaps you nick the IRS a bit, use the corporate cards for discretionary spending, turn in to corporate gas mileage for the trip to see sick Aunt Gert? Same difference…

We hail those who beat the system [– ironically, we’re the system]. Of course he is going to explain the run around that favors his position, just as we explain our positions favorably when it of value to us to do so…

Reinforcement is just one behavioral property that helps explain what is going on. It even explains the behavior of those tinkering to prevent it from happening again as they figure out how to restructure the economy to get our hats out of our butts.

Don’t think that it is possible to use negative reinforcement this way? Whattabet?

Those that consider this or that to be a result of single causes should bite your tongue and go take a “time out” while you consider how contingencies work; antecedents events, current state, shaped past consequences for similar behavior…

Consider this mornings Google News events from today.

FIND THE ARTICLE THAT IS NOT CONTROLLED BY CONSEQUENCES

10/6/08 Auto-generated 10 minutes ago

German Stocks Fall to Lowest Since 2006; Hypo Real Estate Drops
Bloomberg – 2 hours ago
By Michael Patterson Oct. 6 (Bloomberg) — German stocks fell the most in eight months, sending the DAX Index to the lowest since July 2006, as the deepening credit crunch forced the country’s financial industry to double a credit line for Hypo Real

Barack Obama accuses Republicans of distracting voters from the …
Los Angeles Times – 2 hours ago
‘TURN THE PAGE’: Obama in Asheville. His poll ratings have risen recently, even in red states such as North Carolina. John McCain wants to ‘distract you with smears rather than talk to you about substance,’ the Democrat says in Asheville, NC,

Northern California bus crash leaves 10 dead
The Associated Press – 48 minutes ago
WILLIAMS, Calif. (AP) – A casino-bound charter bus flipped over about 10 miles from its destination, ejecting passengers and crushing others as it rolled into a ditch.

UPDATE 1-RESEARCH ALERT-FBR raises Wells Fargo price target
Reuters – 46 minutes ago
Oct 6 (Reuters) – Friedman Billings Ramsey raised its price target on the stock of Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz), the fifth-largest US bank, by $5 to $25, saying the proposed merger with Wachovia Corp (WB.

ImClone Announces Merger Agreement with Eli Lilly at $70 Per Share
MarketWatch – 48 minutes ago
, , ) , pursuant to which Lilly has agreed to commence a tender offer for no less than a majority of the issued and outstanding shares of ImClone common stock at a net price per share of $70 in cash.

European countries ramp up deposit protection
Washington Post – 39 minutes ago
By MATT MOORE AP STOCKHOLM, Sweden — Nordic countries Denmark and Sweden moved Monday to bolster protection of bank accounts as stock exchanges across Europe opened lower and central banks pumped more money to cash-starved banks.

Sony Expands E-book Reader Range
PC World – 9 hours ago
Sony is introducing a second electronic book reader to its range in the US that comes with upgraded hardware and will go on sale in November.

IBM Expands Cloud Computing Offerings
CRN – 1 hour ago
By Rick Whiting, ChannelWeb IBM expanded its cloud computing efforts Monday, debuting new on-demand services for ISVs and customers the company said would make it easier for businesses to adopt cloud computing practices for improving collaboration,

Facebook co-founder Moskovitz leaves to start group collaboration …
VentureBeat – 5 hours ago
Facebook co-foudner Dustin Moskovitz (left) and colleague Justin Rosenstein (right) said this weekend they are leaving Facebook to start their own company.

McCain, Obama campaigns trade barbs
The Associated Press – 38 minutes ago
WASHINGTON (AP) – Officials with the presidential campaigns of John McCain and Barack Obama are trading fresh accusations of mudslinging a month before voters choose George Bush’s successor.

Under Financial Restraints, McCain Drops Michigan
ABC News – 1 hour ago
By RUSSELL GOLDMAN The electoral map shrank for John McCain Thursday as he abandoned his campaign in Michigan, raising the stakes in other battleground states such as Ohio.

‘SNL’ Keeps It Political
New York Times – 7 hours ago
Once again, “Saturday Night Live” led off the weekend’s show with Tina Fey, above, the Emmy Award-winning creator of “30 Rock,” as the Republican vice-presidential candidate Sarah Palin, governor of Alaska.

‘Beverly Hills Chihuahua’ tops weekend box office
Los Angeles Times – 4 hours ago
A nation of Chihuahua dogs living in the Lost City of Techichi. in the movie “Beverly Hills Chihuahua.” The Disney film does better than expected, grossing $29 million and knocking ‘Eagle Eye’ into second place.

OJ Simpson jury: Tapes did football legend in
New York Daily News – 5 hours ago
BY NANCY DILLON Jurors, including Dora Pettit (with mike), say they set aside personal feelings and based guilty OJ Simpson conviction on facts.

Yes, it is sort of a trick question but it explains all you are seeing in Washington, DC, Wall Street and Main Street…

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I’m a bit behind some of the other early movers…

3tera.  Taking grid and virtualization in a different direction.  They provide services for entire virtual clusters, virtual data centers, and more.

If implementing massive super computers and data centers becomes little more than filling in a sales web form, watch out hardware, hosting, and desktop sellers.

Perhaps google will get some competition now that massive CPU resources are being made available to anyone with an idea.

~Russ

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