MIND MATTERS

Wray Herbert

Talking the Talk

A new study looks at whether announcing your goals helps you follow through on them.

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  • Posted By: MissAnonymous @ 09/08/2009 4:41:34 AM

    I notice that I do tend to keep the goals I am most serious about meeting, to myself. But I always supposed that was because I have had so many experiences with unsupportive people and tall poppy syndrome, so if something is REALLY important to me, I won't risk letting someone else stuff it up. Whereas if I am on the borderline about it, I might open up to others and see if they sway me either way. Its also good to determine if someone is a supportive person or not. though in my case what makes the biggest difference to my success is how much I really honestly want to achieve that goal.

  • Posted By: smeade @ 06/17/2009 2:36:18 PM

    It depends on what type of goal it is. This advice may be true for some intentions, but the studies were specifically about identity-related behavioral intentions. My take-away was: don't set identity-related goals. As shown by these studies, they are often ineffective. Instead, set goals that have intrinsic reward. http://scottmeade.com/right-goals/

  • Posted By: martynstrong @ 06/02/2009 2:06:39 PM

    Is this why the following might work?:

    Capital markets are unstable. In the past there was no way to make them stable. But today we have computer power that can be used to make them stable.

    By using the greater computer power of today we can have a much higher turn over of capital in the capital market. This higher turnover will make the market harder to game or control and the market will no longer have the unstable run ups or declines. Who can change or control the market when say 20% of the capital is trading each day?

    So now that we have the compute power to provide for all these transactions that will smooth out the market how do we force people to turn over at a rate of 20% a day? Easy, put a cap gains tax of 0% (zero) on all gains of 7 days or less and put a cap gains tax of 90% of all gains of more than 7 days.

    The likes of Yahoo, Micosoft and/or Sun Micro Systems will give us the systems that will provide automated software agents to support turning over one's investments every 7 days (based on the specs you give the agent).

    A system like this will make the financial markets work as smoothly as the local fruit market.

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