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Behavioral Economics, Explained

Learn more about problemsolving with this collection

How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

Behavioral Economics, Explained

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7 mins to read

Get a kitchen timer

Tell yourself you will focus on it for 15 mins.

 During the 15 mins, you’re so focused on working for 15 mins that you won’t get distracted; and after 15 mins you’ve made sufficient progress to be ‘in the zone.’ 

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Grade yourself on assignments faithfully

It’s easy to think that you shouldn’t have missed the dumb mistake, but often your process for problem solving can be dramatically improved.

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593 reads

Turn off your distractors

Turn off your distractors

Don’t check email. Don’t pick up your phone or text.

It’s so easy to spend an hour messaging or checking Instagram, so don’t even give yourself the opportunity to get distracted.

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594 reads

Establish a routine study schedule

Block out 2–3 hours Monday through Friday for classwork.

It’s not realistic to think that you can just put it off to the weekend because you may hit a block or be tired from working all week.

401

884 reads

Start with just 1 class

Start with just 1 class

Although you're probably tempted to choose with more than 1, start with 1 class and finish it before moving on.

The first class is the hardest because you need to learn how to learn online and also learn the material.

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570 reads

Watch lectures at 1.5x speed

Watch lectures at 1.5x speed

... and pause/rewind during sections you don’t understand.

Because you don’t get to ask questions, it’s important that you train yourself to fully understand one section before moving on.

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612 reads

Having a study buddy

Find a friend to do it with you and commit to weekly study sessions.

Online learning is usually lonely and when you get stuck you are really stuck — having friends to work through problems together is critical.

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1.11K reads

Buy the book

Buy the book

A lot of times the lectures/handouts don’t explain something well. 

It’s best to get a book to get a second explanation because there are no teachers or course assistants to ask.

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746 reads

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Once upon a time can happen any time.

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Use a timer

Set a timer for 30 minutes. During that time stay focused on your work. When the timer goes off, set it again for 10 minutes, and rewards yourself with a fun activity like YouTube videos, chatting with friends, or reading a book. After 10 minutes, reset the 30-minute timer and get back to ...

Make yourself accountable to others

  • Tell everyone what you plan to do and talk about your goals. Tell friends, employees, and employers your intentions and you won’t want to let them down. 
  • Start documenting and sharing your journey. A blog or vlog where you share the projects you’re working on and your p...

Stop multi-tasking

Wherever you are, be focused on what's in front of you.

When you're interrupted, it takes 15-20 minutes to get your focus back to it was before being distracted. If you're multi-tasking, you'll be less efficient and your long term memory will suffer.

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