Insight: Internal locus of control: people that feel in charge of their life, make their own decision, and responsible for actions and outcomes. External locus of control: people that feel controlled by other people or factors.
Insight: People with an external locus of control often feel like a prisoner of external forces, face higher rates of depression.
Insight: We can develop a stronger internal locus of control by spending efforts to manage our time and calendar more effectively.
Insight: Operant conditioning is used to train humans and animals by designing a specific consequence that follows action.
Insight: Rewards tend to reinforce behaviours, punishments tend to discourage them.
Insight: Habits can be created through the process operant conditioning.
Reference: Vilfredo Pareto, Italian Economist in 1985 concluded that an 80/20 rule seem to apply in many areas including wealth. He noticed that around 20 percent of individuals - he called the "vital few" - controlled 80 percent of wealth and property in Europe.
Example: 20 percent of tasks account for 80 percent of value produced.
Principle: List tasks and responsibilities in terms of priority, focus on the highest priority items only.
