Drops from the Fire Hose – November 15, 2012

True or False: These Tests Can Tell if You Are Right for This Job — Wall Street Journal

The questions are rarely straightforward, and neither are the answers. Psychology is involved, after all. Applicants may try to give answers they think the company wants to hear, and aren’t likely to admit to character flaws or bad behavior. So there can be a great deal of opacity regarding what the questions are even measuring, psychologists say.

Moreover, test makers say a single answer holds little meaning in its own right and must be weighed alongside a series of other responses. For the best predictive results, companies often find out what traits their high performers display, and then test for those characteristics.

Some Don’t Live to Earn, but Earn to Live — Wall Street Journal

After a lifetime of studying the matter, Mr. Kahneman summed it up like this: “Try to control how you spend your time because it’s clear that in terms of emotional happiness, spending time with the people you like and in activities that you enjoy is the key. Arranging your life in such a way that you will get these sources of pleasure is the best practical advice.”

Robert Zoellick: Can the Euro be Fixed? — Stanford Graduate School of Business

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