The Swedish Behavioural Economist

Monthly Archives: December 2015

– thats why politicians need to learn psychology

We have just landed a international agreement to change the world. The challenge is that although we are happy and look forward to having saved the world, we, people, are poorly equipped to deliver.

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We happily take on tasks like writing a book or taking a class and we celebrate all the benefits and the costs, the time we have to invest, are small. So we are quick to take on tasks but as the deadline draws closer, the saliency of the costs and benefits changes. Authors are increasingly aware of the costs as the deadline approaches, while the benefits become increasingly less clear. Students basically can not have total freedom of completing a larger task without fixed milestones. It is quite clear that the performance of students are substantially worse than that of students with professors that monitor their time closely.

Read more at www.eqapital.se

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