🧵 We're riding shotgun tonight. Here's a little thread on remote leadership with your's truly Ernst Fehr (@econ_uzh), @raffasadun and @Gerhard_Fehr. https://t.co/FcO1CFyRZk

Ernst Fehr is talking about evidence and challenges of work at home arrangements.
Key question: Do we have the technological capacities to work at home? And is it a trend or a sustainable transformation?

Ernst Fehr @econ_uzh #EconomicsForSociety
Will this prevail in the long-run?

Ernst Fehr @econ_uzh #EconomicsForSociety
The problem of sustaining cooperation in the long-run: How do we prevent the deterioration of collaboration?

Ernst Fehr @econ_uzh #EconomicsForSociety
Evidence suggests to focus on a sophisticated trust-based culture where one improves employees' performance via a range of different factors.

Ernst Fehr @econ_uzh #EconomicsForSociety
Why is frequent feedback so important? A trust culture with feedback induces and sustains high levels of cooperation.

Ernst Fehr @econ_uzh #EconomicsForSociety
Here are three key questions you have to ask yourselves as leaders.

Ernst Fehr @econ_uzh #EconomicsForSociety
One more remark: There are fields and industries where productivity gains cannot be realised.

Ernst Fehr @econ_uzh #EconomicsForSociety
Up next, @raffasadun from @HarvardHBS. Initial question: is #WFH hear to stay?
#WFH is not just a change from WHERE we work, but a change in HOW we work.

@raffasadun @HarvardHBS
The real challenges of #WFH turned out to be burnout and meeting fatigue.

@raffasadun @HarvardHBS
#WFH is not a technological problem, but an organisational issue.

@raffasadun @HarvardHBS
Leaders play a critical role in shaping transition towards and effective and sustainable #WFH. Three main areas of reflection:

1. Think systematically
2. Set up a learning process
3. Structured delegation

@raffasadun @HarvardHBS
Last but not least, @Gerhard_Fehr of @FehrAdvice on hybrid leadership and that it's a matter of choice (- and technology sometimes 😄)
The new world of working is full of uncertainty. Leadership, based on experiments, guides the way from uncertainty, to risks, to results.

@Gerhard_Fehr @FehrAdvice
Implement systematic experiments to access the underlying potential. Gathering the data provides the insights safeguarding the way towards the new work environment.

@Gerhard_Fehr @FehrAdvice
#WFH: Give choice to the people to match their preferences with the needs of the company.

@Gerhard_Fehr @FehrAdvice
Key principles: commitment, feedback, transparency, planning. Bring into practices by: daily rituals, weekly task and goal setting, bundle meetings.

@Gerhard_Fehr @FehrAdvice
«Do in the office, what cannot be done virtually»

@Gerhard_Fehr @FehrAdvice
Trust has several aspects. It's a personality issue. Most people are well intentioned. Companies select based on character. They want to have trustworthy people. That 's the whole reason we have incentives.

Ernst Fehr @econ_uzh
Collective feedback is a great trust enhancer.

Ernst Fehr @econ_uzh
You need to constantly invest in culture for it to sustain.

@raffasadun @HarvardHBS
It's a wrap. Thank you!
If you are interested in the behavioral foundations of corporate culture, we recommend our UBS Center Public Paper by Ernst Fehr. Now available in English and German → https://t.co/M1Hz3vuPtN
#EconomicsForSociety

More from Society

So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.

Ready?

Create a private foundation and give it all away. 1/

Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/

The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth.
https://t.co/fiHsuJyZwz 3/

Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4

Here's how it works for a big lotto winner:

1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/

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🌿𝑻𝒉𝒆 𝒔𝒕𝒐𝒓𝒚 𝒐𝒇 𝒂 𝑺𝒕𝒂𝒓 : 𝑫𝒉𝒓𝒖𝒗𝒂 & 𝑽𝒊𝒔𝒉𝒏𝒖

Once upon a time there was a Raja named Uttānapāda born of Svayambhuva Manu,1st man on earth.He had 2 beautiful wives - Suniti & Suruchi & two sons were born of them Dhruva & Uttama respectively.
#talesofkrishna https://t.co/E85MTPkF9W


Now Suniti was the daughter of a tribal chief while Suruchi was the daughter of a rich king. Hence Suruchi was always favored the most by Raja while Suniti was ignored. But while Suniti was gentle & kind hearted by nature Suruchi was venomous inside.
#KrishnaLeela


The story is of a time when ideally the eldest son of the king becomes the heir to the throne. Hence the sinhasan of the Raja belonged to Dhruva.This is why Suruchi who was the 2nd wife nourished poison in her heart for Dhruva as she knew her son will never get the throne.


One day when Dhruva was just 5 years old he went on to sit on his father's lap. Suruchi, the jealous queen, got enraged and shoved him away from Raja as she never wanted Raja to shower Dhruva with his fatherly affection.


Dhruva protested questioning his step mother "why can't i sit on my own father's lap?" A furious Suruchi berated him saying "only God can allow him that privilege. Go ask him"
12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4. @DillikiBiili

Share for the benefit of everyone.

Here are the setups from @Pathik_Trader Sir first.

1. Open Drive (Intraday Setup explained)


Bactesting results of Open Drive


2. Two Price Action setups to get good long side trade for intraday.

1. PDC Acts as Support
2. PDH Acts as


Example of PDC/PDH Setup given
"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."


We know that elite institutions like the one Flier was in (partial) charge of rely on irrelevant status markers like private school education, whiteness, legacy, and ability to charm an old white guy at an interview.

Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)

It's refreshing to hear a senior administrator admits to personally opposing policies that attempt to remedy these basic flaws. These are flaws that harm his institution's ability to do cutting-edge research and to serve the public.

Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".