Collin Camerer, the Kirby Professor of Behavioral Finance and Economics at Caltech says that game theory can be used to get unstuck and increase productivity. He says here are three common problems that happen:
1. Believing your own hype. Camerer says you can’t base decisions of an outcome on your memory. Results need to be written down and tracked.
2. Too many choices. Camerer says that people can’t process too many choices. This leads to procastination. Narrow the choices to make an effective decision.
3. Falling victim to instant gratification. Camerer states that people make the now choice. Try to visualize what the best choice will give you in the future to delay this instant gratificiation.
Read the full article at Inc Magazine.