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Comments on: The Halo Effect http://www.tvhe.co.nz/2007/08/21/the-halo-effect/ The Visible Hand in Economics Thu, 09 Oct 2008 21:45:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Warehouse Extra is gone : Part 2 « The visible hand in economics http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-157 Thu, 09 Oct 2008 21:45:07 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-157 […] has been Matt’s pet topic during this saga (posts here and here). The killer for the halo effect, and the reason why I’ve allways beleived the Extra […]

]]> By: The Warehouse sale and Integrity « The visible hand in economics http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-155 Fri, 30 Nov 2007 02:54:35 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-155 […] whether to appeal.  Ultimately I hope the decision to allow a sale had something to do with the halo effect […]

]]> By: The Halo Effect: Round Two « The visible hand in economics http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-156 Tue, 20 Nov 2007 21:52:02 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-156 […] a previous post we discussed the Halo effect, and how the Warehouse was trying to claim it was their own idea.  […]

]]> By: Matt Nolan http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-154 Tue, 28 Aug 2007 05:40:33 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-154 It is ridiculous, a term like ‘the halo effect’ is bound to have been used in someway. You just gave us a third meaning.

Now if anyone mentions the halo effect to me I’m going to be extremely confused 😉

]]> By: Cathi http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-153 Tue, 28 Aug 2007 05:37:40 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-153 I had the term “halo effect” used about me when I took on a job in 1991. I was advised to make use of my “halo effect” by making the changes I wanted from the outset, rather than waiting to get my feet under the table. In other words, being newly appointed, with all the hope and anticipation invested in me that a new appointee to a senior role always gets, I could get away with challenges to the existing regime that I might find more difficult later on. When you appoint, the new person is perfect, a saint. They have a halo, which can be blinding.

It’s a bit rich of The Warehouse Group to think they coined the term. What nonsense.

]]> By: Matt Nolan http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-152 Fri, 24 Aug 2007 07:56:38 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-152 I’m not so sure. I think that the main factor that drives the result (other than preferences) is the time value of money. I would rather pay a little more if I could buy everything in the same place, as it saves me having to travel between places to get the goods I want.

I think a number of people feel this way, which explains why ‘hypermarkets’ perform so well in the US and Europe. However, there is a question about whether these types of stores are sustainable in NZ, but this is a separate question from the discussion of what the halo effect means.

]]> By: Adolf Fiinkensein http://www.tvhe.co.nz/2007/08/21/the-halo-effect/#comment-151 Fri, 24 Aug 2007 05:38:47 +0000 http://tvhe.wordpress.com/2007/08/21/the-halo-effect/#comment-151 Interesting but flawed concept, I think. People like to buy groceries from a grocery specialist and veggies from a vegie specialist. That’s why they go to Food Town to buy toilet paper and then walk past the vegie section, drive one mile and buy their vegies from the little chinee green grocer. The financial services industry was all gung ho on this theory ten years ago and it didn’t work. Banks are no bloody good at insurance and insurance companies don’t understand banking. Bankers take risks while insurers avoid them. That’s why actuaries are so boring.

If a golfer walked up the ninth fairway in darkest Africa and saw an actuary buried up to his neck in a sand bunker, what should he do? Call for more sand.

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