The Psychology Of The Ultimate Entrepreneur - Deepstash
The Psychology Of The Ultimate Entrepreneur  Collection

A DEEP DIVE INTO

The Psychology Of The Ultimate Entrepreneur

Mindsets, Philosophies, And Understandings Of Ultra Successful Entrepreneurs Like Elon Musk, Jeff Bezos and more

128 key ideas from

4 books

5 articles

It takes just

17 mins to read

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Skills

Overview

Key Ideas

FAQ

What you'll learn

The importance of perseverance

How to embrace failure as a learning opportunity

The power of innovation and creativity

The importance of taking calculated risks

Ideas from books, podcasts, videos & articles

The Lean Startup

The Lean Startup

Grit

Grit

Thinking, Fast and Slow

Thinking, Fast and Slow

Mindset

Mindset

Influential people you will learn from

Eric Ries

Eric Ries

Angela Duckworth

Angela Duckworth

Daniel Kahneman

Daniel Kahneman

Carol S. Dweck

Carol S. Dweck

3 Top Key Ideas (128 total)

How Humans Think

"Thinking, Fast and Slow" is an extensive introduction to the biases and inner mechanisms of the human brain.

While primarily a behavioral economics book, you will also find out about your limitations, how to more efficiently convince people, and understand why people make certain decisions despite feeling they are irrational.

All the conclusions are validated through experiments that Kahneman performed along the years.

Two Systems

The human brain is controlled by two separate systems:

  • System 1 - Very fast, it works on intuition and evolves as we encounter common situations;
  • System 2 - Slower. We tend to avoid using it too much, but it is mandatory for complex problems that can't be answered by System 1, such as math problems.

You are not aware of which system is controlling the brain unless you make a conscious effort.

The following few ideas rely on this dual system distinction.

Priming and Anchoring

An answer to a number question can be influenced by previous information (even if it is completely unrelated to it). Using this strategy to influence decisions is called priming.

It acts as an anchoring effect, the human starts from the real answer he/she would give and goes up/down towards the number that was proposed (accidentally or not). This anchoring can be more or less strong (e.g. when the actual answer is 10, the suggested one is 5, and the person answers 8, it had a 20% impact).

Want to learn more? Unlock this collection and all 128 key ideas.

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