Personal Development: The Prospect Theory

abstract1

I read an interesting theory the other day in an investment guide by Jason Kelly. He sites a 1979 study by Daniel Kahneman and Amos Tversky that looked at the following scenario… Subjects were told to choose between these two prospects… Prospect 1: A 100 percent chance of losing $3000Prospect 2: An 80 percent chance [...]

Are Your Talents Buried?

chest1

In the book of Matthew in the Bible, Jesus tells his disciples a parable about a man going on a journey. This man entrusts his servants with “talents” before he leaves. To the first servant he gives five talents To the second servant he gives two talents To the third servant he gives one talent [...]

The Power of 48 Minutes

power-of-48-minutes

Is there magic in the number 48? Does this number hold any significance in your future success? Speaker Don Crowther suggests that there is. In his presentation at the NSA Summer Symposium, Don told the audience that 48 minutes is the magic number. Here’s how it works… Set a timer for 48 minutes. Close out [...]

Marshmallow Musings

marshmallow

I received a couple of interesting replies to my previous post about the profound little book, “Don’t Eat the Marshmallow Yet!” by Joachim de Posada, that raised a couple of interesting questions. The premise of the Marshmallow book is based on a landmark Stanford University study of children who were left alone in a room [...]