Growth mindsets

by on June 12, 2014 at 11:31 am in Economics, History, Philosophy | Permalink

Scott Young writes:

In logarithmic domains, two mindsets are important. In the beginning, high-growth phase, the emphasis needs to be on maintaining long-term habits. Since growth is fast initially, care needs to be taken so that it won’t slide back down once effort is removed.

In the later, low-growth phase, the emphasis needs to be on habit breaking. Since low-growth is often caused by calcifying routines, deliberate effort needs to be taken to break out of that comfort zone.

In exponential domains, the mindset of resilience and endurance are critical. Since feedback is sparse and generally negative during the initial part of the curve, it takes dedication to persist. Part of the reason, entrepreneurs are often consumed by their own vision is that it helps block out the negative feedback until they can reach the exponential part of their growth.

There is more here, and for the pointer I thank R.

Ray Lopez June 13, 2014 at 2:33 am

This is the classic S-shaped curve, or logistic curve, given by solving the differential equation p'(t) = a p(t) – p^2

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