In 2012 the Starbucks website posed the question: “Have you noticed how everything seems a little impersonal nowadays?” This corporate navel-gazing ended with the coffee giant pledging to refer to us “as our folks intended”, by our real names.
This decision to personalise things gave birth to a new genre of profile picture, specifically, a lipstick-stained paper cup with a nickname scrawled on it: Fatoom, Wooshi, Mimi. It also launched a new internet meme, that of hilariously misspelled names on cups. I am frequently referred to as Justine by cacographic baristas the world over.
This whole naming thing is particularly tricky in places such as the UAE, where people come from many different countries and speak with a wide range of accents. My name, Justin, is fairly easy on the ear. However, most baristas in the UAE will qualify their recognition of my name by nodding their heads and saying, “Justin Bieber”, before breaking into song.
To overcome similar problems some customers give themselves a “Starbucks name”, adopting an alias that’s easy to pronounce and hard to mess up.
It isn’t only Starbucks that is involved in personalising consumables. In recent years Vimto, Nutella and Coca-Cola have all got in on the act. There is something pleasurable about seeing one’s own name integrated with a global super brand. At the heart of this pleasure is something psychologists call implicit egotism: I like thing X, but I like thing X even better when my name is on it.
The idea of implicit egotism is supported by decades of research. One of the classic explorations is known as the name letter effect. To demonstrate this effect, you are asked to “rate the following letters from 1 to 10 based on how much you like each letter: A, B, C, D … etc”. On average, people tend to rate letters that are contained within their own names more favourably than those that aren’t. This is particularly pronounced for first names and initials. This effect has been found across cultures and languages, including Arabic thanks to Zayed University psychology student, Ayesha Al Jaberi.
The effect is small, but its influence appears widespread. If your name begins with the letter D, you are slightly more likely to wind up being a dentist than a lawyer, and you're also slightly more likely to marry a person called David/Diana than a person called Adam/Andrea. This sounds too quirky to be true, but it is well supported by lots of research. See, for example, Why Susie sells seashells by the seashore: Implicit egotism and major life decisions, published in the Journal of Personality and Social Psychology.
There are several explanations for why we demonstrate this bias. Two of the most convincing involve common sense notions relating to primacy and familiarity. Our own names tend to be the ones we encounter most often (frequency), and the first word most of us learn to write is our own name (primacy). Ultimately, our names are part of our self-concept and most of us are pretty positive about ourselves.
Perhaps Starbucks knew all about implicit egotism when it launched its personalisation campaign? Maybe the idea was actually proposed by a psychologist; Starbucks do employ them. Either way, the name on the cup gimmick has proved very popular. One problem with this popularity however, is that many people now request a paper cup even if they are drinking in. These cups are not fully recyclable and EcoWatch, a leading environmental news site, estimate that around four billion of them ended up in landfill sites in 2016.
Next time you’re in a coffee shop and you plan to drink in, by all means tell the barista your “Starbucks name”, but have your drink in a porcelain cup.
Remember when coffee shops used to ring with the sound of clinking cups? Let’s go back to that.
Dr Justin Thomas is an associate professor at Zayed University
On Twitter: @DrJustinThomas
Padmaavat
Director: Sanjay Leela Bhansali
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How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
- Wear 100 per cent cotton under the kandura as most fabrics are polyester
Don’ts
- Wear hamdania for work, always wear a ghutra and agal
- Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
UAE currency: the story behind the money in your pockets
When Umm Kulthum performed in Abu Dhabi
Known as The Lady of Arabic Song, Umm Kulthum performed in Abu Dhabi on November 28, 1971, as part of celebrations for the fifth anniversary of the accession of Sheikh Zayed bin Sultan Al Nahyan as Ruler of Abu Dhabi. A concert hall was constructed for the event on land that is now Al Nahyan Stadium, behind Al Wahda Mall. The audience were treated to many of Kulthum's most well-known songs as part of the sold-out show, including Aghadan Alqak and Enta Omri.
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Sole survivors
- Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
- George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
- Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
- Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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