Live Limitless: Google Effect, Maslow’s Hammer and Why we buy insurance!

Live Limitless with Raam

“The World’s Most Value-packed Newsletter Life-letter to WIN at Work, Life, and Home” with:

3 big ideas, tips or strategies
2 stories, quotes or case-studies
1 critical question to ask yourself

Live Limitless: Google Effect, Maslow’s Hammer and Why we buy insurance!

read on LIFELETTER.RAAMANAND.COM   |   SEPTEMBER 17, 2022 

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3 Big Ideas, Tips or Strategies for this week

1. Google Effect

The Google effect, also known as digital amnesia, is the tendency to forget information that is readily available through search engines like Google. We do not commit this information to our memory because we know that this information is easy to access online.

2. Why we use same skills everywhere?

According to the law of the instrument, when we acquire a new skill, we tend to see opportunities to use it everywhere. This bias is also known as “the law of the hammer”, “the golden hammer”, or “Maslow’s hammer”, in reference to psychologist Abraham Maslow’s famous quote: “I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail”.

3. Why do we buy insurance?

Loss aversion is a cognitive bias that describes why, for individuals, the pain of losing is psychologically twice as powerful as the pleasure of gaining. The loss felt from money, or any other valuable object, can feel worse than gaining that same thing.1 Loss aversion refers to an individual’s tendency to prefer avoiding losses to acquiring equivalent gains. Simply put, it’s better not to lose $20, than to find $20.

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2 Stories, Quotes, or Case-Studies for this week

1. Reaching an Audience

You don’t reach your audience. You reach the people, one at a time.

If an audience responds to you, it’s because almost every person in the audience does individually. Each responds because you reached each one directly, and specifically.

You reach each member the way you reach any person: you look that person int he eyes. Your eyes tell them who you are, and you re what you are selling. Talk to on, not many, from your eyes to theirs.

Source: You, Inc.

2. Big difference

Just from being marginally better, like running a quarter mile a fraction of a second faster, some people get paid a lot more — orders of magnitude more. Leverage magnifies those difference even more. Being at the extreme in your art is very important in the age of leverage.

Source: Naval Ravikant

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1 Critical Question to Ask Yourself

Not everything goes according to plan. Surprises can pop up anywhere, anytime.

“What are you avoiding just because you know the answer is painful?”

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Let’s meet again. Until then, Keep Smiling… Believe in Yourself… and Get all the Best Things in Life,

Raam Anand

Publishing Coach to hundreds of first-time authors around the world
Publisher & Chief Editor at Stardom Books (USA/India)
Author of the International Bestseller, Write Now