Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
Interpretation
Disasters prompt reflection on past actions and encourage improvements for the future.
This quote by Dan Ariely highlights the importance of using challenging times, such as disasters, as opportunities for self-assessment and growth. It suggests that rather than merely enduring difficult situations, we should critically evaluate our previous choices and behaviors to identify errors and develop better strategies moving forward.
In practice
This quote can be used in a speech about resilience in the workplace after a project setback.
To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.
It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like Homer Simpson than Superman. So from this perspective it is rather depressing. But at the same time there is also a silver lining. There are free lunches!
In a world where everyone is behaving honestly, any dishonesty constitutes a big infraction. But, in a world where many people are behaving dishonestly, and the news is filled with stories of their infractions, even big infractions can feel small to the perpetrator.
Because cheating is easier when we can justify our behavior, people often cheat in small amounts: We can come up with an excuse for stealing Post-It notes, but it is much more difficult to come up with an excuse for taking $10,000 from petty cash.
It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.
The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don’t see how our conflicts of interest work on us.
Retiring was scary and it was tough to give up gymnastics, but so many great opportunities have come from it that I never expected.
the shell must break before the bird can fly.
By surrendering my life to the revolution, I found eternal life
the people who are crazy enough to think they can change the world are the ones who do.
Obsolescence never meant the end of anything, it's just the beginning.
The future woman must have a life work and economic independence. She must have the right of motherhood at her own discretion.
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