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Showing posts from May, 2023

The Happiness Formula

Introduction In the pursuit of happiness, many of us often wonder: what exactly determines our happiness levels? Is it our circumstances, our genetics, or perhaps something within our control? Martin Seligman, a renowned psychologist and pioneer of positive psychology, introduced a compelling framework in his book Authentic Happiness that sheds light on these questions. This framework, often referred to as the Happiness Formula, breaks down the factors that contribute to our enduring level of happiness. Decoding the Happiness Formula: H = S + C + V H stands for Enduring Level of Happiness The enduring level of happiness, as distinguished by Seligman, refers to a sustained state of contentment rather than fleeting moments of joy. It encompasses our overall satisfaction with life over time. S stands for Set Point Our happiness set point is largely determined by genetics and early life experiences. According to research, approximately 50% of our happiness levels are predetermined by these

The Kansas City Preventive Patrol Experiment

Introduction An experiment was conducted in the 1970s to evaluate the effectiveness of routine preventive patrol. The experiment was designed to test whether increasing or decreasing the number of police patrol in a neighborhood would have any significant impact on crime rates, citizen fear of crime, and the public's satisfaction with the police department. Kansas City Preventive Patrol The experiment was conducted in three areas of Kansas City, Missouri, which were randomly assigned to one of three groups: proactive, reactive, or control. The proactive group had twice as many patrol cars as usual in their neighborhood, the reactive group had half as many patrol cars as usual, and the control group had no change in the number of patrols. The experiment ran for a year and was closely monitored. The results of the experiment were surprising. The researchers found that increasing or decreasing the amount of patrol did not have any significant impact on crime rates, citizen fear of cri

7 Rules to Live A Long Life: The Circadian System

Introduction Our body’s internal clock is made up of 24-hour cycles called circadian rhythms that work in the background to carry out vital processes and functions. Circadian rhythms, which are synchronized with the master clock in the brain, are used by several bodily systems. A person's ability to keep a normal circadian rhythm determines the health of his/her body and mind. This rhythm is linked to the day-night cycle because this master clock is directly influenced by environmental signals, particularly light. It is endogenous which means it is built- into the body and should be self-sustained. Synchronization of our biological clock is very important for living a long and happy life. One of the most important factors to reset or synchronize our circadian system is SUNLIGHT. Exposure to sunlight in the morning can help a person to stay energetic the whole day. Another factor can be EXERCISE. Exercising can be very beneficial for a person to be active the whole day. A hormone ca

Polgar Sisters : Theory of Dedicated Practice

Introduction The Polgar sisters are three Hungarian women who achieved remarkable success in chess. Susan, Sofia, and Judit are known for their incredible success in chess. Their father, Laszlo Polgar, believed in the theory of dedicated practice and used it to train his daughters to become world-class chess players. This theory suggests that anyone can achieve mastery in a particular field with enough time and effort. The Polgar sisters' story is a testament to the effectiveness of this theory. Their story has attracted worldwide attention. They were homeschooled by their father, Laszlo Polgar, who believed that any child could achieve extraordinary success in any field with dedicated practice. The Polgar sisters' story is often cited as an example of the power of true course and the role of parental influence in child development. Polgar's Theory and the Inspiring Polgar Sisters' Experiment Laszlo Polgar was a Hungarian educational psychologist who strongly believed i

4 Principles of Yin and Yang

Introduction In Chinese philosophy and culture, yin-yang theory represents two complementary yet conflicting forces or energies that exist in all parts of existence. The yin-yang symbol, which consists of two halves of a circle, one black and the other white, with a smaller circle of the opposite color within each half, is frequently used to represent the notion of yin and yang. The symbol reflects the idea that yin and yang are interdependent and interrelated and that they gradually evolve into one another. The harmony and balance of yin and yang are said to be necessary for creating harmony and balance in all aspects of life, including health, relationships, and nature. In Chinese medicine, imbalances between yin and yang are thought to cause illness, and therapies are aimed at restoring the two energies' equilibrium. Overall, the concept of yin and yang is vital to Chinese philosophy and is utilized to analyze and explain the universe's interconnection and equilibrium. 4 Pri

The Winner Curse

Introduction When the highest bidder in a multiparty auction or a similar circumstance bids a value for something more than its true or intrinsic worth, the curse is said to act. Various factors cause a value gap as the winner attempts to determine a commodity's or asset's true worth. A bidder's emotional and cognitive variables can be blamed for the winner's curse. Individuals' returns are frequently diminished as a result of this phenomenon. The winner's curse comes from a lack of comprehension and prior knowledge about the asset under examination. Example: A, B, and C compete for drilling rights in a specified location. Assume that the drilling rights have an intrinsic worth of Rs. 4 million after accounting for all drilling-related costs and anticipated future revenues. Assume A bids Rs. 2 million, B bids Rs. 5 million, and C bids Rs. 7 million for the rights. Although C won the auction, it overpaid by Rs. 3 million. Even though B is certain that this price

Parkinson's Law: The Pursuit of Progress

Introduction Parkinson's Law is a popular concept that states that expenses tend to expand to meet income levels. The idea behind this theory is that people tend to increase their spending as their income increases, resulting in a never-ending cycle of lifestyle inflation. The Law was first articulated by British historian and author C. Northcote Parkinson in his book, "Parkinson's Law: The Pursuit of Progress." Although Parkinson's Law has existed for many decades, it remains pertinent in contemporary times. The Law states that "expenses expand to meet income level." This means that as our income increases, our expenses also increase, leading to little to no change in our overall financial position. This blog post will cover Parkinson's Law, its correlation with lifestyle inflation, and techniques to overcome it. Parkinson's Law in Personal Finance Lifestyle inflation is when individuals increase their spending as their income increases. For exa

4 Ways to Score High on the Trust Equation

Introduction A key component of creating fruitful professional connections is developing trust. Trust is necessary to work together productively, speak honestly, and accomplish shared objectives. Charles H. Green created the Trust Equation, a robust framework that outlines the essential elements of trust in professional relationships, to assist professionals in understanding the factors that contribute to trust. Green co-wrote, The Trusted Advisor and Trust-Based Selling, books to explain more about this trust equation. Professionals can enhance their capacity to win others' trust by concentrating on these elements: Credibility, Reliability, Intimacy, and Self-Orientation. Green gave the trust equation as mentioned in the main image of this article: TQ, or Trust Quotient, is the term for this. The Trust Quotient is a score that compares your level of trustworthiness to the four factors, similar to your IQ or EQ. Understanding the Trust Equation, created by Charles H. Green, is esse

Four-Step Approach to Decision-Making: The OODA loop (Observe, Orient, Decide, Act)

Introduction Making quick and effective decisions is critical for success in today's fast-paced world. Having a solid decision-making framework is crucial whether you're in the military, business, or emergency response. One such framework is the OODA loop, which stands for Observe, Orient, Decide, and Act. The OODA loop, developed by USAF Colonel John Boyd, is a four-step decision-making process widely used in various fields. Different steps of The OODA Loop Step 1: The very first step in the OODA loop is "Observe." This step involves gathering information about the situation at hand. This can include both internal and external factors that may impact your decision. For example, suppose you're in a business meeting and deciding whether to invest in a new product. In that case, you may observe the current market trends, your company's financial situation, and customer feedback. Step 2: The second step in the OODA loop is "Orient." In this step, you an

Good and Bad Procrastination

Introduction Procrastination is an expected behavior that many people struggle with, daily. It is delaying or putting off tasks, often until the last minute. While some people view procrastination as a negative habit, there are two types of procrastination: good and bad. This article will discuss the differences and how they impact our productivity and overall well-being. Good Procrastination Good procrastination is a type of procrastination that is deliberate and purposeful. It involves delaying a task or project to focus on more important or urgent matters. For example, if you are working on a project due in two weeks but have an urgent issue that requires your attention, you may choose to delay the project until the urgent matter is resolved. This is an example of good procrastination because it helps you prioritize your tasks and allocate your resources efficiently. Another example of good procrastination is delaying a task or project to allow for more reflection and creativity. So