Tag: behavioral economics
Courtesy of ITPRO
Why do some people perform amazingly well while others falter despite starting off at similar positions in life?
The difference, according to eminent Stanford psychologist Dr Carol Dweck, is in the mind. Or more accurately, one’s mindset.
Speaking at an episode of Knowledge for Men, Dr Dweck believed that success isn’t predicated on one’s intelligence or talent. Rather, it is embodied by how one perceives and copes with failures and setbacks. This difference accounts for why kids who are academically on par may achieve vastly different outcomes in their eventual careers.
How one views failure and success can be determined by whether one has a fixed mindset or a growth mindset.