Ownership is not limited to material things. It can also apply to points of view. Once we take ownership of an idea - whether it’s about politics or sports - what do we do? We love it perhaps more than we should. We prize it more than it is worth. And most frequently, we have trouble letting go of it because we can’t stand the idea of its loss. What are we left with then? An ideology - rigid and unyielding.
Interpretation
Ownership extends beyond material possessions to include our beliefs and ideas, often leading to rigidity in thinking.
In this quote, Dan Ariely explores the concept of ownership, not just in a tangible sense but also in how we internalize beliefs and ideas. When we adopt an ideology or a viewpoint, our attachment to it can become excessive, leading to an inability to question or change it. This attachment can result in unyielding perspectives, diminishing our capacity for flexibility in thought and genuine understanding of differing viewpoints.
In practice
This quote can be used during a discussion on the influence of beliefs in a debate.
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.
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.
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 Lord is greater than all: I have said enough.
While we rejoice in the new possibilities open to humanity, we also see the dangers arising from these possibilities, and we must ask ourselves how we can overcome them.
May we give as the Savior gave. To give of oneself is a holy gift. We give as a remembrance of all the Savior has given.
Night can swallow you up, yet none of it touches you. Around any corner, there's a promise of something daring and ideal and things are just getting going. There's something obscenely joyful behind every door, either that or somebody crying with their head in in their hands. A lazy rhythm looms in the dreamy air and the atmosphere pulsates with bygone duels, past-life romance, comrades requesting comrades to aid them in some way. You can't see it, but you know it's there
MATERIAL, adj. Having an actual existence, as distinguished from an imaginary one. Important.
The antiquity and general acceptance of an opinion is not assurance of its truth.
Subscribe for the occasional hand-picked quote. No noise.