The Value Equation
Value is based on dream outcome, likelihood of achievement, time delay, and effort/sacrifice. Manage perception.
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Similar ideas to The Value Equation
The Procrastination Equation
Odds of Overcoming Procrastination = Self-Efficacy x Value / Impulsiveness x Delay.
Our likelihood to resist procrastination on a specific task is equal to the product of our self-efficacy and the value of the task divided by the product of how impulsive we are and the amount ...
The Procrastination Equation
Procrastination boils down to how motivated we are to complete a task. The motivation to complete a certain task consists of four elements: Expectancy, Value, Impulsiveness and Delay.
- Expectancy: If we expect to succeed in the task, it would motivate...
Related concepts
Several other important economic behaviors that are connected to the IKEA effect are:
- The endowment effect: Owning a product increases its perceived value.
- Effort justification: An individual who makes a sacrifice to achieve a goal attribut...
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