The natural bias - Deepstash
The Psychology Of The Ultimate Entrepreneur

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The Psychology Of The Ultimate Entrepreneur

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The natural bias

The natural bias

On the surface, people think effort is more important than talent. Employers say they value industriousness more than intelligence in an employee. But deep down, they hold opposite views. Studies show people prefer a "natural" over a "striver". This bias has practical implications. 

“If people knew how hard I had to work to gain my mastery, it would not seem so wonderful at all,” Michelangelo observed. It suggests that grit is essential, but it is not attractive.

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Grit is needed to get somewhere

Directional consistency, the ability to stick unswervingly to a single, superordinate goal over a period of years is perhaps not the best approach in an economy where career paths can twist or even disappear over a short period.

However, we need some direction to get anywhere. Even if are f...

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Grit can be developed

Duckworth argues that grit - perseverance and exclusive pursuit of a single passion - is severely underrated. Grit can be developed and is as important as IQ in predicting educational success.

What differentiates high performers is mostly how they process feelings of frustration, di...

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Measuring persistence

Measuring persistence

In a study,  Angela Duckworth, psychology professor and author of Grit,  found that SAT or ACT scores can not reliably determine grit. What did work was a "Grit Scale" that included statements such as "I finish whatever I begin" and “setbacks don’t discourage me."

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Hidden practice is costly

Hidden practice is costly

When successful people keep their practice hidden, it can be costly to society because it obscures the amount of failure that goes into success. We only see the final products. 

When we experience messy frustration, we are too eager to believe we don’t have what it takes an...

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lucy_d

Investing and saving is not the same thing.

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The Hindsight Bias

A bias that many people including historians, experts and physicians encounter is the hindsight bias, which makes them think they knew how an event would turn out before it happened. It is the tendency for people to perceive past outcomes as having been more predictable ...

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