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When we're don't have any expertise in a domain, most of the time the chosen approach the one that helps you avoid stupidity.
We don't have to be geniuses in every domain, but we have to be able to understand the big ideas of most disciplines and try to avoid fooling ourselves.
This is the first filter through which we should interpret reality.
Consider this question: "What do the words really mean?" Keep in mind the fact that Language is not just a way to communicate or interpret; language is a call to action or an inhibitor to action.
This filter assists us in understand the layers of unexpected consequences. The question to keep in mind here is: “And then what?”
We may really understand a statement, we may quantify the effects of a proposed solution, but it is very important to also consider the second layer of effects or beyond.
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An externality affects someone without them agreeing to it. It can be positive or negative. Most externalities are small but can make a significant impact over time. Understanding the types of exte...
We can never do one thing. We should consider what the second-order consequences will be. When we interact with a system, we need to find out what the broader repercussions of our actions will be.
They can occur during the production or consumption of a service or goods. Calling something a negative externality can be a way of avoiding responsibility.
If a factory pollutes nearby water supplies, it causes harm without added costs to the factory. The costs to society are high and are not reflected in the price of whatever the factory produces. Even if pollution is taxed, the harmful effects still remain.
It takes discipline and strength of character to effect a fundamental change in any of our ingrained habits, but once the momentum has been created, and the sense of satisfaction and well-be...
Behind every successful person is a positive and reinforcing social structure.
Surround yourself with positive, reinforcing characters who want you to succeed and buy into your long-term happiness and fulfillment.
If you are 50lbs overweight and give yourself five weeks to get ripped abs or tight buns, you are quite simply setting yourself up for failure.
This body is achievable, it isn't going to happen overnight, but if you set yourself a goal and motivate yourself it is achievable.