Frank Partnoy turns conventional wisdom on its head with this counterintuitive approach to decision-making. Rather than telling us how to make decisions faster and faster, he mines and refines a rich lode of information from experts in a surprising variety of fields to demonstrate the power of delay, whether measured in milliseconds, days, or decades. Wait is a great read, chock full of fascinating insights.”
Kirkus Reviews, starred review
“A fascinating addition to the study of decision-making
. While there is a high premium today for speed, the author suggests that there are serious downsides to rapid decision-making.
Partnoy's results are groundbreaking and a potential corrective to modern pressures for rapid response, whether on the playing field, in high-speed computer trading and corporate boardrooms, or on the battlefield
. File alongside Malcolm Gladwell, Dan Ariely, [and] Jonah Lehrer.”
Strategy + Business
A Fast Company Best Business Book of 2012
Roger Lowenstein, author of The End of Wall Street and When Genius Failed
“Having mined the best of American research in fields as wide-ranging as finance, behavioral economics, and law, Frank Partnoy has written a beguilingly readable treatise that boils down to a single, easily digestible conclusion: in our busy modern lives, most of us react too quickly. Wait will naturally and rightly be compared to Daniel Kahneman's Thinking, Fast and Slow as a trail-blazing book exploring the hidden crannies and the treacherous pitfalls of human decision-making. I whole-heartedly recommend it."
Bethany McLean, co-author of The Smartest Guys in the Room and All the Devils Are Here
“Wait is one of those rare books that will change not just the way you think, but the way you act. The book is full of ideas that are fascinating, usefuland at times mind-blowing. I was captivated.”
Daniel H. Pink, author of Drive and A Whole New Mind
Wall Street Journal
“Mr. Partnoy's intention in Wait is to take on those who evangelize the power of thinking quickly, ‘getting things done' and leading an organized life. We can praise efficiency but fail to take note of what is sacrificed in its name. Wait offers a valuable counterweight to this attitude, reminding us that quality should matter as much as speed."
“A popular new book
. Mr Partnoy argues that too many people fail to recognize what good public speakers and comedians all understand: that success depends on knowing when to delay, and for how long.”
Financial Times“A superior example of the genre. It is a departure from his earlier books about financial crises, but written with the same easy elegance. ... Partnoy makes mincemeat of the idea of ‘thin slicing' the art of making snap decisions based on very little information that was made so popular by Malcolm Gladwell in Blink. ... As a collection of fascinating case studies, Wait is a gem." Winnipeg Free Press
“[Partnoy's] latest offering is a skeptical response to Malcolm Gladwell's 2005 bestseller, Blink... Partnoy spends a lot of time synthesizing recent scholarship, providing clear and accessible accounts of work in an impressive range of academic fields. While the breadth and the depth of his research gives the book's rather straightforward message its complexity and rhetorical power, the book's charm comes from Partnoy's ability to juggle such seemingly disparate topics as, on the one hand, an engaging discussion of recent science on animals and their conceptualization of future time and, on the other hand, an unabashedly doting analysis of the comic timing of Jon Stewart.”
“Partnoy draws on the latest research in neuroscience and behavioral economics to provide a delightful, insightful and often surprising ‘Wait, wait, do tell me' account of decision-making in many areas of everyday life, ranging from sports to surgery to speed-dating and stock-picking
. Wait is chock-full of arresting insights about the complexities of decision-making"
"A lively, reader-friendly survey of scientific research into the pros and cons of rapid decision-making."
“An intellectual romp through the science of how timing influences human decision-making.”
the book uses case studies of ‘delay specialists' in realms as varied as stand-up comedy and warfare, extending the implications of postponing responses in order to improve outcomes in every part of our business and personal lives. Procrastinators everywhere will rejoice.” Washington Post Express"Citing fascinating studies in tennis serves and first dates, [Partnoy] deftly makes a case for exercising something we could all use more of: patience. Plus, you gotta love a guy who dedicates his book to his golden retriever.”
. Chapter Three is particularly fascinating in its implications for how we make decisions and manage the world.”
Margaret Heffernan, CBS Money Watch
Wait is an impassioned and thought-provoking book."
A leading expert on financial market regulation studies the virtues of delay and even inaction. In the aftermath of the 2008 economic crisis, Partnoy (Law and Finance/Univ. of San Diego; The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals, 2009, etc.) asked "why our leading bankers, regulators and others were so short-sighted and wreaked such havoc on our economy." While there is a high premium today for speed, the author suggests that there are serious downsides to rapid decision-making, unless it is accompanied by long-term strategic thinking and planning. Partnoy's interdisciplinary approach uses elements of behavioral economics, neuroscience and even sports, as he shows how professional tennis and baseball players give themselves the extra milliseconds needed to process the trajectory of a ball before responding. Good judgment depends on allowing enough time for necessary mental processing to occur. The decision may appear to be spontaneous, but prior experience is almost always a factor--whether it occurs preconsciously, in milliseconds, or consciously, in seconds or longer time frames. Partnoy's results are groundbreaking and a potential corrective to modern pressures for rapid response, whether on the playing field, in high-speed computer trading and corporate boardrooms, or on the battlefield. The author argues that although circumstances vary--each having its own requirements--and one size does not fit all, society must foster long-term decision-making in addition to making time for better shorter-term efforts. A fascinating addition to the study of decision-making. File alongside Malcolm Gladwell, Dan Ariely, Jonah Lehrer and other similar writers.