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Behavioral Economics, Explained

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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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What would your reaction be if I told you, "I took 10 weeks of tennis lessons and my tennis luck increased dramatically!" You'd laugh. Systems and training don't increase luck. They increase skill. You're just not noticing or acknowledging the system you use. (And if I was your system I'd be pissed that Mr. Luck and Ms. Overwork were undeservedly getting all the credit around here.)

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When work is a blur it's easy to think you just got lucky. But I'm guessing you've noticed that people who are very confident about their abilities can often explain them to you. They're aware of their system. Step outside yourself and notice what you do that gets the results. As the great Carl J...

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Look at the system as separate from you

Look at the system as separate from you. Like the recipe that makes a good cake. When you have a solid recipe, or good instructions, you feel in control. And what's control? It's the exact opposite of luck. When you recognize that you have a system, and the system is producing those resu...

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Ask yourself these questions:

From The Secret Thoughts of Successful Women: Why Capable People Suffer from the Impostor Syndrome and How to Thrive in Spite of It :

  • Do you chalk your success up to luck, timing or computer error?

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Instead, think Goldilocks: you're not looking to compare yourself to "too cold" or "too hot", you're looking for "just right." Bandura says you'll get the best results by observing others who are your peers or slightly better than you.

Persons who are similar or slightly higher in ability ...

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Problem is, when people with impostor syndrome look at others, they usually look at the wrong people. Often they compare themselves to people who have zero talent and have great difficulty finding their way out of the house every morning. Yeah, this makes you feel better but it doesn't convince y...

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