quiet-the-power-of-introverts-in-a-world-that-cant-stop-talking-susan-cain
“You are never going to make thatmoney back.”He asked what he’d done wrong.Dorn had many ideas about that. Asan amateur, Alan shouldn’t have beentrading in the first place. And he’drisked far too much money; he shouldhave limited his exposure to 5 percentof his net worth, or $50,000. But thebiggest problem may have been beyondAlan’s control: Dorn believed he wasexperiencing an excess of somethingpsychologists call reward sensitivity.A reward-sensitive person is highlymotivated to seek rewards—from a promotionto a lottery jackpot to an enjoyableevening out with friends. Rewardsensitivity motivates us to pursue goalslike sex and money, social status andinfluence. It prompts us to climb laddersand reach for faraway branches inorder to gather life’s choicest fruits.452/929
But sometimes we’re too sensitive torewards. Reward sensitivity on overdrivegets people into all kinds oftrouble. We can get so excited by theprospect of juicy prizes, like winningbig in the stock market, that we takeoutsized risks and ignore obvious warningsignals.Alan was presented with plenty ofthese signals, but was so animated bythe prospect of winning big that hecouldn’t see them. Indeed, he fell into aclassic pattern of reward sensitivity runamok: at exactly the moments when thewarning signs suggested slowing down,he sped up—dumping money hecouldn’t afford to lose into a speculativeseries of trades.Financial history is full of examplesof players accelerating when theyshould be braking. Behavioral economistshave long observed that executives453/929
- Page 401 and 402: In 1921, FDR contracted polio. It w
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- Page 405 and 406: was Eleanor who made sure he knewho
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- Page 409 and 410: and of another eight-year-old who c
- Page 411 and 412: some evidence that sociopaths haved
- Page 413 and 414: they camouflage signs of a nervous
- Page 415 and 416: supercool pulse rate during liftoff
- Page 417 and 418: intentionally,” Dijk speculates,
- Page 419 and 420: In other words, you want to makesur
- Page 421 and 422: [other type] is to be first, withou
- Page 423 and 424: while the other 80 percent are “f
- Page 425 and 426: by those farther up the food chain
- Page 427 and 428: The interesting thing is that these
- Page 429 and 430: traumatic injuries. Extroverts enjo
- Page 431 and 432: Roosevelts as surely as grazing her
- Page 433 and 434: female tit birds—it might seem th
- Page 435 and 436: suitcase through a midnight airport
- Page 437 and 438: tirelessly promote the movie. He vi
- Page 439 and 440: The atmosphere is startling simplyb
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- Page 443 and 444: putting myself to sleep. I wonder i
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- Page 447 and 448: 7WHY DID WALL STREET CRASH ANDWARRE
- Page 449 and 450: “Hi, Janice!” said the caller t
- Page 451: same thing happened: the bailout st
- Page 455 and 456: after the deal was struck, a headli
- Page 457 and 458: high reactivity and introversion. N
- Page 459 and 460: reward-seeking cravings of the oldb
- Page 461 and 462: potential goodies; fMRI experiments
- Page 463 and 464: medial orbitofrontal cortex, a key
- Page 465 and 466: professor Richard Howard told me,po
- Page 467 and 468: make group decisions, extroverts wo
- Page 469 and 470: the choice of a small reward immedi
- Page 471 and 472: failure of many banks during the Gr
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- Page 475 and 476: stripped him of his power to review
- Page 477 and 478: How did Janice Dorn’s client, Ala
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- Page 481 and 482: and focused on a goal, their vigila
- Page 483 and 484: of critical thinking widely used by
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- Page 489 and 490: we need to find a balance between a
- Page 491 and 492: And when it comes time to invest, o
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- Page 495 and 496: 495/9295. I have very few fears com
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“You are never going to make that
money back.”
He asked what he’d done wrong.
Dorn had many ideas about that. As
an amateur, Alan shouldn’t have been
trading in the first place. And he’d
risked far too much money; he should
have limited his exposure to 5 percent
of his net worth, or $50,000. But the
biggest problem may have been beyond
Alan’s control: Dorn believed he was
experiencing an excess of something
psychologists call reward sensitivity.
A reward-sensitive person is highly
motivated to seek rewards—from a promotion
to a lottery jackpot to an enjoyable
evening out with friends. Reward
sensitivity motivates us to pursue goals
like sex and money, social status and
influence. It prompts us to climb ladders
and reach for faraway branches in
order to gather life’s choicest fruits.
452/929