Cost Reduction - Deepstash
New Year New You

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New Year New You

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Cost Reduction

Habits appear to reduce these two costs in different ways:

  1. Habits can reduce the intrinsic cost by making you better at the task. As you read more difficult books, you get better at reading, so it doesn’t require as much energy.
  2. Habits reduce the decision cost by eliminating the ambiguity of when and how to perform the behavior. If you read your fifty pages at lunch, every day, for three months, the next lunch break you’ll automatically start reading without having to decide whether to do it.

For a lot of tasks, the second cost reduction is far greater than the first.

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MORE IDEAS ON THIS

The Gospel of Changing Habits

This transition from motivated bursts to stable habits is often so powerful that people who’ve never tried it before become proselytizing converts.

I know many bloggers that

183

1K reads

Action Requires Two Kinds of Effort

Any action requires two kinds of effort in order to get done:

  • An intrinsic effort that depends on the action
  • An effort to decide whether or not to execute the action.

Habits can modify the first, but the main reason they work is...

176

349 reads

Habits are Metastable

  • Not all habits are equally easy to build . This makes sense because some have higher intrinsic effort required, which results in not only higher intrinsic cost but also higher decision costs.
  • You can’t establish an unlimited number of habits . This m...

186

463 reads

Habits, appear to reduce these two costs in different ways:

  1. Habits can reduce the intrinsic cost by making you better at the task. As you read more difficult books, you get better at reading, so it doesn’t require as much energy.
  2. Habits reduce the deci...

174

293 reads

Habits are Metastable

  • Not all habits are equally easy to build . This makes sense because some have higher intrinsic effort required, which results in not only higher intrinsic cost but also higher decision costs.
  • You can’t establish an unlimited number of habits . This m...

170

245 reads

Why Habits Fade ?

This idea of metastability conforms to my experience as the reason why I’ve found few habits have had permanent lifespans.

  • Inevitably, the habit breaks down because of a temporary lifestyle change: a vacation, an illness, needing to move or work overtime.
  • The...

190

501 reads

Action Requires Two Kinds of Effort

Any action requires two kinds of effort in order to get done :

  • An intrinsic effort that depends on the action.
  • An effort to decide whether or not to execute the action.

Habits can modify the first, but the main reason they work is...

195

721 reads

How to Deal With Medium-Term Habits

  • This metastability suggests that the most important positions to look at when setting a habit are during possible disruptions. If you temporarily have to break a habit, then re-establishing it as soon as the interruption is gone should be your top priority.

Even better if you can...

195

440 reads

Habit Formation

Habit Formation

Motivation works well in the short-term. If you set a new goal, you can probably summon up the motivation to pursue it earnestly for a week or two.

But motivation wanes. If your goal takes more than a month or two, you’re going to need more than just motivation. You’re...

222

1.2K reads

CURATED FROM

CURATED BY

kokhul_736

Kokhulash.com

We often struggle with keeping up our habits. This article explains why we struggle so :)

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When mulling over multiple choices, the quality of any option cannot be assessed in isolation from its alternatives. The price you pay (or the sacrifice you make, or the benefits you give up) for doing what you’ve chosen to do instead of doing something else is the opportunity cost.

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