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How do Economics of achievement work?

There's no question about it,... All human beings have goals and dreams to achieve. Everyone in our own universe want to reach a status, a feeling or something that will bring a peak of happiness in our lives. But not all of us have the same attitude towards the pain we'll have to suffer while achieving those goals.

Because, ladies and gentleman, as you all know, reaching our goals it's not going to be an easy task. Why? Because we got used to what's called "The Status Quo" which means we don't like changes in our regular lives. Why? Because it's painful for us! Changing our ways take effort and high amounts of energy.

"Who in its right mind would go for something that hurts?"

As many things in life we need to trade some things to acquire others. Taking the pain to break with the "Status Quo" have to have a reward in the end but,...

Is it a fair Trade?

To answer this question we'll have to analyze two simple possible scenarios:

  • Scenario I. We take the pain but don't reach our goal. This is a common scenario for most of the people. I don't know anyone that achieved everything at the first attempt. The peculiar thing in this scenario is that  we spent energy although there's no reward in the end of the way. But is it the end of the way? If we quit at this stage it will be surely a waste of energy unless we redefine our goals and use the experience acquired in the process. The only logical reason to quit would be if the energy and effort spent in pursuing our goal are greater than the reward of achieving the goal.

  •  Sceanrio II. We take the pain  and finally reach our goal. If you think about it, this scenario is quite interesting. How do we know if the energy spent in achieving our goal pays off for the reward? I am afraid there's no straight answer due to human psychology. 

So let's assume for instance two young entrepreneurs who start a business. Imagine one of them builds a successful business fairly quickly, maybe because she started with more resources, maybe is smarter or maybe just had luck. Now imagine the second entrepreneur trying again and again but never reaches a successful business until several attempts.  It's clear that the second entrepreneur took more pain in the process than the first one for the same outcome.

But...How do you think they will value their achievements? well, psychology studies will demonstrate that the second entrepreneur will value higher the achievement than the first one just for the simple fact that was much more difficult to acquire. The psychological reward will offset the pain caused to achieve the goal.   

Is the same reason why fraternity brotherhoods are much more cohesive when the members had to go through really tough tests to enter. They value higher being part of the group as it was really difficult to get in. That strengths internal relationships and avoids high rotation of members. (Not that I approve their practices, but this example is quite instructive for our purposes)

So it seems that there is a fair trade in all transactions as long as you reach your goals. The key is to never quit, since by doing so, you will waste all the energy and dedication spent until that day. It's always better re-shaping your goals and use the experience acquired to come back stronger than ever.

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Many Thanks :) 


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