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Connection to your future self impacts your financial decision-making | KurzweilAI - 0 views

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    How connected consumers feel (or don't feel) to their future selves impacts their spending and savings decisions, researchers at Columbia Business School and The University of Chicago Booth School of Business have determined. The researchers conducted a series of experiments that manipulated the degree to which subjects felt connected to their future selves. When discontinuity with the future self is anticipated, people behave more impatiently - speeding up the consumption of utility (in this case, gift cards) - more than when connectedness to the future self is expected. The researchers asked a group of college seniors - three weeks before graduation - to read a passage that described college graduation either as an event that would prompt a major change in their identities or as an event that would prompt only a relatively trivial change. Compared to students who read the passage describing graduation as a small change, those who read a description of the event as a major change were much more likely to make more impatient choices, choosing to receive a gift certificate worth $120 in the next week rather than wait a year for up to $240. Their work suggests that people can be motivated to hold onto their money, or make more prudent decisions by increasing their sense of connectedness to their future selves, the researchers said. Ref.: Daniel M. Bartels & Oleg Urminsky, On Intertemporal Selfishness: How the Perceived Instability of Identity Underlies Impatient Consumption, Journal of Consumer Research, 2011; [DOI: 10.1086/658339]
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I'm Sorry, I Don't Know, I Can't … | ThinkSimpleNow.com - 1 views

  • Do you find yourself saying the words I’m sorry or I don’t know often? Did you know that this over-sighted language pattern is actually limiting our potential to happiness and ultimately getting what we want?
  • If our conscious mind is indeed “in control” as we believe, then why do we sign up for gym memberships after new years and never go? Why it is that even after we’ve decided on something we really want (like a new hobby), we fail to take action on it?
  • While our conscious mind is the captain of our ship, our unconscious mind is the guys in the engine room, making the ship run. The ship moves because of the work done by these engine room guys. They listen to the commands from the captain, without question. They are exceptional at taking commands and executing them. Since the conscious mind has limited capacity and can only become aware of a very limited set of information, our unconscious mind only surfaces what we consider important. How does the unconscious mind know what’s important? It doesn’t. The unconscious mind determines this based on the frequency of commands it receives of the same topic from the conscious mind.
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  • Each time we have a conscious thought, or we verbalize words aloud, or see a scene in our imagination, it gets fed into our unconscious mind. Like a command from the captain, whether it is our intention or not, the command gets executed in some form; it leaves an impression on the unconscious mind.
  • At times, even for the smallest decision, we would shrug and say “I dunno”. Why? Because it’s an easy answer. We don’t have to think.
  • I recommend we reserve the words I’m sorry to situations when we really mean it, and need it to express our genuine feelings.
  • There is a difference between truly not knowing something and believing that you don’t know something. There’s also the connotation that you do not have the ability to decide or to learn something new. These words are repeated so causally that we start to rely on them out of laziness and habit.
  • if we repeatedly say I’m sorry each time we reply to emails after 2 days, then we’ve programmed ourselves to feel guilt whenever we do not respond to emails immediately.
  • Replace “I don’t know” when making a decision with an alternative phrase. Come up with a list of such alternatives. Here are some ideas: “Give me a moment, I have not decided yet.” “Let me think about it.” “I am evaluating my options.” “Hmmm. Let me see…” Action: List out the options and their pros and cons.
  • Being indecisive sends a similar message to the people around you. We tend to trust and rely on people who are decisive. It is a character strength; especially in business.
  • What we repeatedly do becomes our habits. And if we make a habit out of indecisiveness on small decisions, how will we react when we need to make important decisions in life, in business, or in relationships?
  • Consider the following scenario: Person A: “Where is the salt?” Person B: “On the kitchen shelf.” Person A: “I don’t see it.” Person B walks to where person A is standing, reaches over where person A is looking, and pulls out the salt bottle. It was right in front of person A. Have you been in such a scenario? I certainly have. Did person A truly not see the salt? Or did person A believe that she did not see the salt? Bingo!
  • Remember that our unconscious mind takes commands directly from our words? When we tell ourselves that we do not see something, we are passing the message to our unconscious mind in the form of a command. It proceeds accordingly and makes a note to stop passing anymore messages to the conscious mind when salt bottles are seen. Isn’t that funny?
  • When you want to say “I don’t remember where I put the keys?”, rephrase the question to “If I could remember, what would they be?”
  • Instead of saying “I don’t know how to.”, rephrase to “I have not learned how to do that yet, but I can learn.“
  • When we say I can’t do something, we’ve just declared impossibility as a definite answer. We are telling ourselves that we will never be able to do it, because we lack the necessary capabilities.
  • By saying we can’t do something, we are suggesting that we do not have the ability to learn, that we have given up, that we lack the potential that other gifted humans possess.
  • By saying we don’t have the time, we are impressing upon ourselves that we are very busy, making us feel important. It is an illusion. Yes, we may have a very full schedule, but when we say we don’t have time, it usually means that we just don’t want to do it. Not having enough time is an excuse. If it was important enough, we’d find the time
  • For starters, you don’t have to do anything! You know that. The world will not come to an end if you don’t do something (in most cases). We feel like we have to for one of two reasons: It brings you pleasure/benefit. ie. Something you enjoy doing. It reduces pain. ie. Losing a job or friendship, or an excuse not to do something else.
  • We are in control of our lives, and instead of saying I have to, replace it with I want to, or I am doing something because here are the benefits it brings me.
  • If you don’t want to do something, instead of giving people excuses starting with “I’d love to but, I have to…“, just gracefully say “Thanks for the invite, but I am resting at home tonight.” Or “Thank you. I have plans tonight. Maybe next time.
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YouTube - Dan Ariely asks, Are we in control of our decisions? - 0 views

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    http://www.ted.com Behavioral economist Dan Ariely, the author of Predictably Irrational, uses classic visual illusions and his own counterintuitive (and sometimes shocking) research findings to show how we're not as rational as we think when we make decisions.
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  • It never ceases to amaze just how different two people's views of exactly the same event can be: one person's freedom fighter is another's terrorist.
  • why they maintain good physical health
  • Research reveals that people find it much easier to make decisions that demonstrate self-control when they are thinking about events that are distant in time, for example how much exercise they will do next week or what they will eat tomorrow (Fujita, 2008). Similarly they make much more disciplined decisions on behalf of other people than they do for themselves. People implicitly follow the maxim: do what I say, not what I do.
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  • how they maintained their physical health. Naturally they responded with things like: "Go exercise". In other words they focused on means rather than ends, the actual process.
  • low-construal thinking condition (thinking about means rather than ends
  • Those participants who had been encouraged to think in high-level, abstract terms demonstrated greater self-control in enduring the discomfort of the handgrip in order to receive more accurate personality profiles.
  • Participants tended to put answer such as: "To do well in school." This got them thinking about ends rather than means - the ultimate purpose of physical health.
  • Global processing. This means trying to focus on the wood rather than the trees: seeing the big picture and our specific actions as just one part of a major plan or purpose. For example, someone trying to eat healthily should focus on the ultimate goal and how each individual decision about what to eat contributes (or detracts) from that goal.
  • Abstract reasoning. This means trying to avoid considering the specific details of the situation at hand in favour of thinking about how actions fit into an overall framework
  • Someone trying to add more self-control to their exercise regime might try to think less about the details of the exercise, and instead focus on an abstract vision of the ideal physical self, or how exercise provides a time to re-connect mind and body.
  • Categorising tasks or project stages conceptually may help an individual or group maintain their focus and achieve greater self-discipline.
  • avoid thinking locally and specifically and practice thinking globally, objectively and abstractly, and increased self-control should follow.
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    avoid thinking locally and specifically and practice thinking globally, objectively and abstractly, and increased self-control should follow.
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    "The researchers determined that those with an intuitive cognitive style tend to have a stronger belief in God than those with a more reflective cognitive style. As defined in the study, intuitive thinkers make judgments quickly, based on automatic processes and instinct. Reflective thinkers prefer to pause and critically examine initial judgments before making a decision."
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Building the 21st-Century Mind: Scientific American - 0 views

  • March 17, 2009 in Biology | 11 comments | Post a comment E-mail   |   Print   |   Text Size    Building the 21st-Century Mind A professor of cognition and education reveals the five minds you need for success, how to make better decisions, and why ethics are critical.
  • Howard Gardner is a professor of cognition and education at the Harvard Graduate School of Education. He’s also the author of over 20 books and several hundred scholarly articles. Gardner is probably best known in educational circles for his theory of multiple intelligences, which is a critique of the notion that there exists but a single human intelligence that can be assessed by standard psychometric instruments. His most recent book, Five Minds for the Future, offers some advice for policy-makers on how to do a better job of preparing students for the 21st century. Mind Matters editor Jonah Lehrer chats with Gardner about his new book, the possibility of teaching ethics and how his concept of multiple intelligences has changed over time.
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YouTube - The Psychology of Religion-Steven Pinker (part I) - 0 views

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    In an illustration more typical of Pinker's cultural taste, he quotes the opening scene of Woody Allen's movie Annie Hall, when the young Alvy Singer tells a psychiatrist that he won't do his homework because the universe is expanding. If the universe is going to fall apart, he says, what is the point of human existence? "What has the universe got to do with it?" his mother wails at him. "You' re here in Brooklyn! Brooklyn is not expanding!" That kind of reductionism is confusing two levels of analysis," Pinker says. "We have meaning and purpose here inside our heads, being the organisms that we are. We have brains that make it impossible for us to live our lives except in terms of meaning and purpose. The fact that you can look at meaning and purpose in one way, as a neuro-psychological phenomenon, doesn' t mean you can' t look at it in another way, in terms of how we live our lives." The collection of genes known as Steven Pinker made the point most forcibly in How The Mind Works, where he explained his own decision not to have children - which apparently runs counter to the demands of evolution - and says that if his genes don't like it, "they can take a running jump." http://www.guardian.co.uk/Archive/Article/0,4273,3926387,00.html Steven Pinker
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YouTube - Explorations of the Mind: Well-Being - 0 views

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    Daniel Kahneman is an internationally renowned psychologist whose work spans cognitive psychology, behavioral economics, and the science of well-being. In recognition of his groundbreaking work on human judgment and decision-making, Kahneman received the 2002 Nobel Prize. In this program he explores
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    overactive amygdala interferes with decision-making, problem-solving
Sandy Milson

Self Employed Loans- Available Right Loan Aid For You For Your Urgent Cash Needs! - 0 views

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    To make your business or profession absolutely free from financial distress, applying with self employed loans could be the wiser decision.
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