<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>The Invaluable Leader &#187; predictions</title>
	<atom:link href="http://furtwengler.com/theinvaluableleader/tag/predictions/feed/" rel="self" type="application/rss+xml" />
	<link>http://furtwengler.com/theinvaluableleader</link>
	<description>Attract opportunities instead of pursuing them using counter-intuitive thinking.</description>
	<lastBuildDate>Mon, 05 Apr 2010 11:00:20 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.6</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
			<item>
		<title>Memory &#8211; A Function of History?</title>
		<link>http://furtwengler.com/theinvaluableleader/2009/05/04/memory-a-function-of-history/</link>
		<comments>http://furtwengler.com/theinvaluableleader/2009/05/04/memory-a-function-of-history/#comments</comments>
		<pubDate>Mon, 04 May 2009 11:23:59 +0000</pubDate>
		<dc:creator>cimaster</dc:creator>
				<category><![CDATA[Finance]]></category>
		<category><![CDATA[Leadership]]></category>
		<category><![CDATA[Marketing]]></category>
		<category><![CDATA[Pricing]]></category>
		<category><![CDATA[Productivity]]></category>
		<category><![CDATA[Selling]]></category>
		<category><![CDATA[Strategy]]></category>
		<category><![CDATA[counter-intuitive thinking]]></category>
		<category><![CDATA[emotions]]></category>
		<category><![CDATA[experience]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[judgment]]></category>
		<category><![CDATA[memory]]></category>
		<category><![CDATA[predictions]]></category>
		<category><![CDATA[suspend judgment]]></category>

		<guid isPermaLink="false">http://furtwengler.com/theinvaluableleader/?p=135</guid>
		<description><![CDATA[If not&#8230;
&#8230;how reliable is history?
Our pastor made the comment that memory is a function of history?  Is it? 
In his book, Stumbling on Happiness, Daniel Gilbert shares scientific studies of memory that show that, contrary to popular opinion, our memories aren&#8217;t full-length features stored in exacting detail.  Instead they are more like holograms where what&#8217;s stored [...]]]></description>
			<content:encoded><![CDATA[<p><strong><span style="color: #0000ff;">If not&#8230;</span></strong></p>
<p><strong><em><span style="color: #800000;">&#8230;how reliable is history?</span></em></strong></p>
<p>Our pastor made the comment that memory is a function of history?  Is it? </p>
<p>In his book, Stumbling on Happiness, Daniel Gilbert shares scientific studies of memory that show that, contrary to popular opinion, our memories aren&#8217;t full-length features stored in exacting detail.  Instead they are more like holograms where what&#8217;s stored are the key elements of the story.  The details get filled in as we recall the episode.</p>
<p>Professor Gilbert goes on to say that &#8220;<em>the least likely experience&#8221;</em> is often the &#8220;<em>most likely memory</em>.&#8221;  Why is that?  Because the least likely experiences trigger emotional reactions.  Indeed, it&#8217;s the emotional reactions that we have to the situations we face that determine what memories we retain.</p>
<p>If you doubt that think of your last trip to the grocery store.  Was it memorable?  If not, there were no surprises; nothing that triggered an emotional reaction.  Conversely, if it was memorable, it&#8217;s likely that someone allowed you to go ahead of him in the checkout line, shared a kind word with you or raced to get ahead of you in line.  Each of these actions triggers an emotional response that forms a memory.</p>
<p>Why is this important?  Because, as Professor Gilbert notes, this natural tendency can &#8220;wreak havoc with our ability to predict future experiences.&#8221;  If our primary recall is of unusual experiences, how accurate is our historical perspective?  How well can we predict future outcomes if we&#8217;re focused on the least likely results?</p>
<p>It&#8217;s counter-intuitive, but memory is not an accurate historical perspective.  That&#8217;s why, when predicting an outcome, it&#8217;s wise to recall:</p>
<ol>
<li>The last relevant experience you had</li>
<li>What emotions were triggered during that experience</li>
<li>Whether this was an isolated instance among many other similar, yet less memorable, experiences</li>
</ol>
<p>Then ask yourself, &#8220;Is this memory an accurate predictor of what I can expect?&#8221;  This simple approach will help you avoid creating unrealistic expectations <em>and </em>improve the historical accuracy of your memory. </p>
<p>The <strong>7 Steps to Becoming INVALUABLE</strong> program I offer is designed to help you see more effective ways of doing business &#8211; ways that dramatically improve your bottom line while making your life easier.  In today&#8217;s blog I used Step 3, Suspend Judgment, to show you that emotions trigger memories and influence our expectations for the future. Then I used Step 1, Contributory Negligence, to demonstrate how we contribute to the outcomes we get &#8211; favorable or unfavorable &#8211; by our penchant for using &#8220;least likely experiences&#8221; to predict the future.  Finally I used Step 5, Contrarian Mindset, to show you how to overcome this natural tendency.  For more information on the <strong>7 Steps to Becoming INVALUABLE</strong> visit <a href="http://www.furtwengler.com/theinvaluableleader/">www.furtwengler.com/theinvaluableleader/</a></p>
<p><span style="color: #800000;"><strong><em>Please share your experiences and wisdom with Invaluable Leader readers by posting your comments.  If there are topics you&#8217;d like me to address, please send me an email at</em></strong> </span><a href="mailto:dale@furtwengler.com">dale@furtwengler.com</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://furtwengler.com/theinvaluableleader/2009/05/04/memory-a-function-of-history/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>
