What I learned from Prof. Sanjay Bakshi’s Behavioral Economics Course at FLAME University
I had the privilege to attend Prof. Sanjay Bakshi’s Behavioral Economics course at FLAME University. Being his student since 2011, I realized my dream by sitting in his class for 3.5 days.
Create a vivid image for each chunk you want to learn
Which of the two sentences is more vivid?
- Free cash flow from See’s Candies was used to acquire other businesses which in turn generated more free cash flows.
or - Just as Adam and Eve kick-started an activity that led to 6 billion humans, See’s has given birth to multiple new streams of cash for us.
It’s much easier to visualize the 2nd sentence than the 1st. Do you know who wrote the 2nd sentence? Warren Buffett. Why is Warren Buffet’s sentence easier to visualize? His writing contains concrete nouns like Adam, Eve, and 6 billion humans. Concrete nouns turn on images in our mind’s eye. They make them come alive.
STARE AT WHO YOU WANT TO BECOME
We each live with a “windshield” of people in front of us; one of the keys to igniting your motivation is to fill your windshield with vivid images of your future self, and to stare at them every day. Studies show that even a brief connection with a role model can vastly increase unconscious motivation…
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