[VIDEO] Duncan Nugget® #281: Bogeys & Birdies

Economists at the University of Pennsylvania analyzed 2.5 million golf putts. (You know the game, right? If given four strokes to get the ball in the hole, but you do it in 5, that’s a bogey. Not good. You took too many shots. If you do it in 3 strokes, that’s a birdie. Awesome.)

The analysis showed that golfers concentrated and performed better when playing to avoid bogeys versus playing for birdies. Think about that.

It shows that people tend to be more motivated by fear of loss than desire for gain.

It works the same way in life:

“All of my bills are paid. That’s good enough.”

“I passed the test. That’s good enough.”

Not cool.

That’s doing just enough to get by and avoid a loss.

Million-Dollar Question:
In the game of life, are you playing to avoid a bogey (loss) or get a birdie (something exceptional)?

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DISCUSSION QUESTIONS

1. Think about the last time you challenged yourself. What were you doing? What made it a challenge? What was the outcome and what lessons did you learn? How are you using those lessons now?

2. Do you think that risk-taking is an important part of success? Why or why not?

3. If you had to take a risk on learning something new that could be embarrassing if you mess it up, how would you handle the situation? Has something like happend to you before? What did you do about it?

4. Do you think it’s better to take an easy class and get an “A” or take a challenging class where you might get a “C”? Explain how you came to this decision.

5. If you were 100% guaranteed to succeed, what is one thing you would challenge yourself to do? What would it take to be successful at this challenge? What are 3 things you can do to begin to build the skills and acquire the necessary resources to get it done?