Showing posts with label ego depletion. Show all posts
Showing posts with label ego depletion. Show all posts
Wednesday, 18 June 2014
E is for Ego Depletion
Ego Depletion occurs when we're forced into too many acts of self-control in a short period of time. No matter how strong-willed you are you'll be more likely to make poor choices or succumb to temptation after sustained periods of self-denial or decision making. Although, of course, "sustained" is a relative term.
Monday, 13 May 2013
The Cherry Coke Effect?
Hunger Games
If you want a favorable decision from a judge pray that you get a hearing early in the day or straight after lunch. In similar fashion you shouldn’t be making investment decisions on an empty stomach. In the parlance, such arbiters of justice and seekers after profit are suffering from ego depletion; although we might perhaps just say that they’re hungry.
Anyway, ego depletion seems to have a real effect on our ability to make important decisions: we’re more likely to be decoyed, to procrastinate and to compromise over our decisions when we’re low in energy. So this explains why Warren Buffett is such a good investor; it must be down to his addiction to Cherry Coke. Surely?
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