Time Pressure

Time pressure is a good teacher. With time pressure suddenly you think of shortcuts and work more efficiently. Non-essential tasks get edited out of the task list.

Trademarks versus Service Marks

A service mark is a special kind of trademark, used mainly in the United States, to denote a service rather than a product. Before the service mark is registered it is common practice to use the superscript SM. A service mark may also take the form of a sound.

Do As Much As Possible

You learn by doing, therefore so you should do as much as possible. After doing, take time to reflect on what you have done. This is the philosophy of Socrates and Descartes.

Hyperbolic Discounting and Human Behaviour

The Marshmallow Experiment was done at Stanford University in the 1960s, whereby a group of four year olds were given an extra marshmallow provided they could wait 20 minutes before eating the first one. The children who could wait demonstrated better SAT scores years later. This attribute is also known as delayed gratification, deferred gratification or impulse control or self-control. Accounting-wise, people should calculate NPV of future rewards and defer near-term rewards of lesser value. Humans don't do this, they tend to use "hyperbolic discounting" whereby valuations fall very rapidly for periods of small delays. Everyone prefers a dollar today to a dollar tomorrow, but what about a dollar today or two dollars tomorrow? Hyperbolic discounting would be using a discount function = 1 / (1 + kD) where k is the "discount rate", and D is the delay. Going against this instinct is the domain of impulse control. Good impulse control, psychological research suggests, may be important for academic and life success.