Friday, June 12, 2009

TED Talk - Richard St. John: "Success is a continuous journey"

Thank you Miguel! This video reminded me of Herb Simon and the term 'satisifice' (cross between satisfying and sufficing) that he coined: "Satisfice: To accept a choice or judgment as one that is good enough, one that satisfies. According to Herbert Simon, who coined the term, the tendency to satisfice shows up in many cognitive tasks such as playing games, solving problems, and making financial decisions where people typically do not or cannot search for the optimal solutions." And maybe that same psychology creeps up in people once they have reached some level of success that then keeps them from sustaining that success.

Related previous post: What it takes to be great