John Tierney - Willpower: Rediscovering the Greatest Human Strength
Are you an impulsive marshmallow eater? Your success - or failure - in life may depend on how you answer that question, says John Tierney, New York Times science writer and co-author, with Roy F. Baumeister, of the new book, Willpower: Rediscovering the Greatest Human Strength.
"The marshmallow test," explains Tierney to Reason.tv, "was this [experiment] where four-year-olds would be given a marshmallow. They were told they could eat but if they waited 15 minutes, they would get two marshmallows. The kids who managed to resist the marshmallow [and waited] did much better in school, did much better in life. That's what really kicked off the modern self-control movement."
Drawing on groundbreaking research - including work done by Baumeister, a social psychologist at Florida State University - Tierney and Baumeister argue that willpower is like a muscle. It can be built up and toned through conditioning, and it can be overworked and strained through "decision fatigue." Eminently readable, Willpower mixes the latest developments in the study of the mind with helpful methods of self-control. In a world in which all too many things seem to scuttling into chaos, Baumeister and Tierney beautifully articulate the science of self-control.
Interview by Reason's Katherine Mangu-Ward. Shot and edited by Joshua Swain.
About 7 minutes long.
Go to Reason.tv for downloadable versions and subscribe to Reason.tv's KZread channel for automatic notifications when new material goes live.
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If you are at work and are watching this, you need this. :)
If you want to master self control read Stoicism.
@eirefrance I said pressured, not forced.Strengthening of the CRA in the ‘90s encouraged a loosening of lending standards in the banking industry.A related act in the 90’s,required Fannie Mae and Fredie Mac to give a % of their lending to support affordable housing.Together the acts had the [perhaps] uninteded result of pressuring banks to lend to risky applicants,since gov’t inspections made lending records re minority/female/low-income loans public. It's a complicated issue.
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@TheLegalImmigrant05: People that truly know economics know that there was more than one source to this fiasco, but that wasn't the point of her question. I believe she was asking his opinion as to whether lack of willpower played a role in the financial fiasco. IMO it did: regulators sold out, gov't pushed bankers to take on risky loans, banks didn't hold back, institutions and individuals used no restraint in using credit, etc, etc, etc. It's a very complex issue.
Love this. 100% true, and the interviewer is right to ask about the cookie. Of course, both of them have to show their ideological rigidity when they let bankers off the hook because deregulation gave them a chance to "eat the cookie", so to speak. Reason, you're biggest failure comes through once again: you can't discuss an issue without finding a tangential way to balme govt and let industry off the hook.
@eirefrance I don't think they let industry off the hook. Industry was also guilty of not using willpower. Gov't not only gave a chance to industry, it also pushed them toward the cookie by pressuring them to take on risky borrowers for home loans--nothing tangential about that.
@bweazel If Schiff is not to be taken seriously, who is? Bernanke? Krugman? Enlighten me.
@bweazel 500 characters is not enough space, but I would start with a couple of books: "Meltdown" by Tom Woods and "How An Economy Grows and Why It Crashes" by Peter Schiff
@liOVERLOADil It is a generalization, but trust me, it is not hasty. I have been following Reason for years and my opinions of many of them are well researched. Doesn't mean you have to agree with me of course.
@liOVERLOADil Yeah, yeah. Make fun of a typo, very mature.
@MRSASUSTAO In the video, they definitely let industry off the hook. The interviewer and interviewee discuss politicians and lendees, but pointedly do not mention lenders at all. And don't believe that junk, no bank has ever been forced to give out a loan the didn't want to. Repealing Glass Steagal allowed them to securitize loans and that made risky loans seem less risky. That's why the collapse happened in 2007 not 1977.
i think she is play a good job
@Adrian Principe: Of course, because he has soo much willpower! duh :)
I knew marshmallows could explain my life of fail!
@MRSASUSTAO I agree it's a complicated issue and I don't disagree about the increased lending playing a role, though everything I have read shows securitization playing a bigger role. But that's my entire complaint about the video; they discuss lendees and politicians without giving time to the whole picture. It's no less ideological and one-sided than saying Wall Street is the cause of all our problems. And giving such a simplistic outlook is no role for a channel named "Reason"
No one forced banks to give out loans. It was extremely profitable to give these loans.
@TheLegalImmigrant05 I think they are just trying to not be pushy with their interviews. There's some good economic material in Reason magazine, not so much on Reason.tv
Never outsource to the government, you'll waste money time and effort.
I saw something cool that dealt with your alarm clock. A clock that automatically donates $5 to a political group you HATE every time you hit the snooze button. I laughed my ass off.
@TheLegalImmigrant05 "An... libertarians". Calling people illiterate, and then being one yourself -- classic.
nofap?
Willpower comes from Hope. Hope comes from only one source, the only source I know LIbertarians do not, at all, like to talk about..... FAITH.
@eirefrance That would be typical, a business attempting to alienate customers.
@bweazel And you of course know what's happening. Got it. :)
@TheLegalImmigrant05 Very mature of you to make a hasty generalization of an entire group... Welcome to reality.
@TheLegalImmigrant05 You RESEARCHED the cluelessness of Reason? {citation needed} No, you have an opinion which doesn't match what those from Reason believe. I'm curious though, what do you believe is the source of the financial crisis other than rampant sub-prime lending, and the buying of this poisonous debt all across the world?
Mangu-Ward = FAIL
No Catherine, not everyone is looking for the source of the current financial crisis (3:50). Some people actually know exactly what the source was. Funny how these Reason people are largely clueless on economics. An economically illiterate libertarians - that's something.