Procrastination and subjective value

Procrastination and subjective value

Our choice to work on a project is guided by how much we value finishing that project in that moment. Psychologists call this "subjective value."

Procrastination, psychologically speaking, is what happens when the value of doing something else outweighs the value of working now.

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Time Management

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Find a way to increase the subjective value of working in this moment, related to the value of other things.

You can boost the value of the project you should be working on, decrease the value of the thing that is distracting you, or try combinations of these two.

Mental effort is costly, so we generally prefer to work on an simple task rather than a hard task. We procrastinate more if we expect a certain task to be hard.

This happens because the more effort a task requires, the more someone stands to gain by putting the same amount of effort into something else. This is called, in economical terms, opportunity cost. Opportunity costs make working on something that seems hard feel like a loss.

Our tendency to devalue money and other goods based on time is called delay discounting.

This is an important aspect in procrastination because the completion of the project happens in the future. Finishing a project is a delayed reward, so its value in the present is reduced: the further away a deadline is, the less attractive it seems to work on the project right now.

Attach the work you have to do to your self-concept.

We generally want to keep a positive self-concept, so goals connected closely to our sense of self or identity take on much more value.

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RELATED IDEAS

How to keep procrastination far away from ourselves
  • Consider the big picture.
  • Consider Confusion as a task.
  • Untangle performance and self-worth.[both are different from each other]
  • Know thyself.
  • Measure and compensate.
  • The mindset formula: Mindset quality>>>Put into action>>>To achieve a compelling outcome.

5 Ways to Finally Stop Procrastinating

psychologytoday.com

Procrastination: The How And Why

We usually procrastinate instead of being productive due to various reasons like having fun being distracted (like playing video games) or just lounging around as the task is too easy (or too difficult).

We start with a big, audacious goal and quickly realize that it is not feasible. Our lack of expertise is also a perfect excuse to slack around, as we fail to break down the task into smaller ones or take the first step.

Fear of Failure and Procrastination: 8 Reasons You're Sabotaging Action

dansilvestre.com

A person’s belief and expectation that they are capable of completing a task. 

When we don't trust the fact that we'll be able to complete a task (with good results), we're more likely to procrastinate.

The 4 Causes of Procrastination | Nick Wignall

nickwignall.com

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