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Why opportunity is a currency and how to spend it well | Sarah Rom | TEDxTUBerlin


who’ve you can identify with the

who’ve you can identify with the following situation you set a new goal

following situation you set a new goal

following situation you set a new goal for yourself and in the beginning you’re

for yourself and in the beginning you’re

for yourself and in the beginning you’re self disciplined and you work really

self disciplined and you work really

self disciplined and you work really hard to reach that goal but after a

hard to reach that goal but after a

hard to reach that goal but after a while you do less and less of it and

while you do less and less of it and

while you do less and less of it and maybe in the end you stop pursuing it

maybe in the end you stop pursuing it

maybe in the end you stop pursuing it all together just that’s not familiar to

all together just that’s not familiar to

all together just that’s not familiar to anyone please raise your hand okay well

anyone please raise your hand okay well

anyone please raise your hand okay well I’m a social psychologist and a study

I’m a social psychologist and a study

I’m a social psychologist and a study self-control when I talk about

self-control when I talk about

self-control when I talk about self-control

self-control

self-control I mean overcoming our short-term

I mean overcoming our short-term

I mean overcoming our short-term impulses in order to reach our long-term

impulses in order to reach our long-term

impulses in order to reach our long-term goals successful self-control requires

goals successful self-control requires

goals successful self-control requires that we prioritize working over taking a

that we prioritize working over taking a

that we prioritize working over taking a break running that extra mile the

break running that extra mile the

break running that extra mile the treadmill / pushing a stop button

treadmill / pushing a stop button

treadmill / pushing a stop button studying / having fun with friends and

studying / having fun with friends and

studying / having fun with friends and so on when we don’t manage to exert

so on when we don’t manage to exert

so on when we don’t manage to exert self-control not to offend anyone who

self-control not to offend anyone who

self-control not to offend anyone who just raised their hand we call this in

just raised their hand we call this in

just raised their hand we call this in psychology self-control failure and

psychology self-control failure and

psychology self-control failure and normally when I tell people what I

normally when I tell people what I

normally when I tell people what I research they ask me so how do I get

research they ask me so how do I get

research they ask me so how do I get better at this and I will elaborate on

better at this and I will elaborate on

better at this and I will elaborate on some strategies based on the latest

some strategies based on the latest

some strategies based on the latest scientific findings but I won’t talk

scientific findings but I won’t talk

scientific findings but I won’t talk about any of this today because the

about any of this today because the

about any of this today because the truth is it never gets easy as much as I

truth is it never gets easy as much as I

truth is it never gets easy as much as I have been looking for the holy grail of

have been looking for the holy grail of

have been looking for the holy grail of self-control I still suck at it

self-control I still suck at it

self-control I still suck at it and the realization that self-control

and the realization that self-control

and the realization that self-control the engagement and labor the exertion of

the engagement and labor the exertion of

the engagement and labor the exertion of effort never gets easy kept me wondering

effort never gets easy kept me wondering

effort never gets easy kept me wondering why are we designed in a way that

why are we designed in a way that

why are we designed in a way that self-control is hard and vanishes over

self-control is hard and vanishes over

self-control is hard and vanishes over time self-control is – so many positive

time self-control is – so many positive

time self-control is – so many positive outcomes careers get grades health even

outcomes careers get grades health even

outcomes careers get grades health even money my life would be so much easier if

money my life would be so much easier if

money my life would be so much easier if putting in the effort to reach my goals

putting in the effort to reach my goals

putting in the effort to reach my goals was easy if nothing could bring me

was easy if nothing could bring me

was easy if nothing could bring me greater joy than pursuing my goals why

greater joy than pursuing my goals why

greater joy than pursuing my goals why are we designed in a way that

are we designed in a way that

are we designed in a way that self-control is effortful in order to

self-control is effortful in order to

self-control is effortful in order to find out I conducted a little study of

find out I conducted a little study of

find out I conducted a little study of course you can’t ask participants

course you can’t ask participants

course you can’t ask participants why are you designed in a

why are you designed in a

why are you designed in a that self-control is effortful so

that self-control is effortful so

that self-control is effortful so instead I ask them what are some of the

instead I ask them what are some of the

instead I ask them what are some of the things that prevent you from pursuing a

things that prevent you from pursuing a

things that prevent you from pursuing a goal what are some of the things that

goal what are some of the things that

goal what are some of the things that make you quit a test that you’re working

make you quit a test that you’re working

make you quit a test that you’re working on and an interesting common theme that

on and an interesting common theme that

on and an interesting common theme that people mentioned over and over again was

people mentioned over and over again was

people mentioned over and over again was the extent to which they had other more

the extent to which they had other more

the extent to which they had other more preferred things to do that means it’s

preferred things to do that means it’s

preferred things to do that means it’s not simply the case that we just liked

not simply the case that we just liked

not simply the case that we just liked doing the things that are effortful that

doing the things that are effortful that

doing the things that are effortful that we’re not able to persist in our goals

we’re not able to persist in our goals

we’re not able to persist in our goals or that were just lazy trust me if your

or that were just lazy trust me if your

or that were just lazy trust me if your life would depend on it you would manage

life would depend on it you would manage

life would depend on it you would manage to go to the gym every day but these

to go to the gym every day but these

to go to the gym every day but these results showed as a phenomenon that’s

results showed as a phenomenon that’s

results showed as a phenomenon that’s actually backed up by economic theory

actually backed up by economic theory

actually backed up by economic theory called opportunity costs it’s the cost

called opportunity costs it’s the cost

called opportunity costs it’s the cost you have when you decide to do one thing

you have when you decide to do one thing

you have when you decide to do one thing and therefore must forego doing

and therefore must forego doing

and therefore must forego doing something else for example when we spend

something else for example when we spend

something else for example when we spend money on one thing we cannot spend it

money on one thing we cannot spend it

money on one thing we cannot spend it elsewhere and when we work we cannot

elsewhere and when we work we cannot

elsewhere and when we work we cannot play opportunity costs can have serious

play opportunity costs can have serious

play opportunity costs can have serious consequences and only recently have

consequences and only recently have

consequences and only recently have psychologists and myself included

psychologists and myself included

psychologists and myself included applied the concept of opportunity costs

applied the concept of opportunity costs

applied the concept of opportunity costs to psychology it’s the cost of missing

to psychology it’s the cost of missing

to psychology it’s the cost of missing out on another preferred activity that

out on another preferred activity that

out on another preferred activity that makes self-control so hard for us to

makes self-control so hard for us to

makes self-control so hard for us to give you an example when I was a child I

give you an example when I was a child I

give you an example when I was a child I was taking these piano lessons but I

was taking these piano lessons but I

was taking these piano lessons but I never wanted to practice so it was

never wanted to practice so it was

never wanted to practice so it was basically the nightmare of every Tiger

basically the nightmare of every Tiger

basically the nightmare of every Tiger mom but it wasn’t simply the case that I

mom but it wasn’t simply the case that I

mom but it wasn’t simply the case that I didn’t enjoy practicing the piano rather

didn’t enjoy practicing the piano rather

didn’t enjoy practicing the piano rather my opportunity cost God in the way not

my opportunity cost God in the way not

my opportunity cost God in the way not being able to play with the other

being able to play with the other

being able to play with the other children and practicing in light of

children and practicing in light of

children and practicing in light of these opportunity costs made practicing

these opportunity costs made practicing

these opportunity costs made practicing the piano more effortful a year ago I

the piano more effortful a year ago I

the piano more effortful a year ago I conducted a study with 400 students from

conducted a study with 400 students from

conducted a study with 400 students from different fields and employees from

different fields and employees from

different fields and employees from various professions it was a study on

various professions it was a study on

various professions it was a study on work-life balance and they received a

work-life balance and they received a

work-life balance and they received a survey seven times a day over the course

survey seven times a day over the course

survey seven times a day over the course of an entire week and I asked them three

of an entire week and I asked them three

of an entire week and I asked them three things whether um how happy they were at

things whether um how happy they were at

things whether um how happy they were at any given moment whether they were

any given moment whether they were

any given moment whether they were engaging in wordgirl leisure and whether

engaging in wordgirl leisure and whether

engaging in wordgirl leisure and whether they were experiencing

they were experiencing

they were experiencing opportunity costs what I expected to

opportunity costs what I expected to

opportunity costs what I expected to find was what we call a curvilinear

find was what we call a curvilinear

find was what we call a curvilinear relationship people would be unhappy

relationship people would be unhappy

relationship people would be unhappy when they worked too much but there

when they worked too much but there

when they worked too much but there should also be unhappy with too little

should also be unhappy with too little

should also be unhappy with too little work but there would be the sweet spot

work but there would be the sweet spot

work but there would be the sweet spot in the middle the moderate amount of

in the middle the moderate amount of

in the middle the moderate amount of work where people would be the happiest

work where people would be the happiest

work where people would be the happiest but this wasn’t at all what I found when

but this wasn’t at all what I found when

but this wasn’t at all what I found when I actually found was a strong negative

I actually found was a strong negative

I actually found was a strong negative relationship between happiness and work

relationship between happiness and work

relationship between happiness and work people were the happiest with a low

people were the happiest with a low

people were the happiest with a low amount of work and the more they work

amount of work and the more they work

amount of work and the more they work than happier they became interestingly

than happier they became interestingly

than happier they became interestingly when influencing factor was the

when influencing factor was the

when influencing factor was the perception of opportunity costs when

perception of opportunity costs when

perception of opportunity costs when I’ve worked participants indicated

I’ve worked participants indicated

I’ve worked participants indicated they’d rather spend the time doing

they’d rather spend the time doing

they’d rather spend the time doing something else such as spending it with

something else such as spending it with

something else such as spending it with people that matter to them engaging in

people that matter to them engaging in

people that matter to them engaging in laborious activities that they ought to

laborious activities that they ought to

laborious activities that they ought to do they had to forego the opportunity to

do they had to forego the opportunity to

do they had to forego the opportunity to engage in leisurely activities that they

engage in leisurely activities that they

engage in leisurely activities that they want to do and when we looked at the

want to do and when we looked at the

want to do and when we looked at the breakdown of their exact opportunity

breakdown of their exact opportunity

breakdown of their exact opportunity costs they were hardly ever about work

costs they were hardly ever about work

costs they were hardly ever about work most of the times they were about

most of the times they were about

most of the times they were about leisure related activities such as

leisure related activities such as

leisure related activities such as hobbies time for the self and time for

hobbies time for the self and time for

hobbies time for the self and time for other people and this resonates pretty

other people and this resonates pretty

other people and this resonates pretty well with research that has looked at

well with research that has looked at

well with research that has looked at regrets of the dying so among the many

regrets of the dying so among the many

regrets of the dying so among the many things that people regret the most when

things that people regret the most when

things that people regret the most when they die is the extent to which they

they die is the extent to which they

they die is the extent to which they traded the opportunity to socially

traded the opportunity to socially

traded the opportunity to socially connect for work I wish I’d worked less

connect for work I wish I’d worked less

connect for work I wish I’d worked less I wish I’d stayed in touch with my

I wish I’d stayed in touch with my

I wish I’d stayed in touch with my friends I wish I’d spend more time with

friends I wish I’d spend more time with

friends I wish I’d spend more time with my family these regrets on death beds

my family these regrets on death beds

my family these regrets on death beds all crave for human connection and what

all crave for human connection and what

all crave for human connection and what the longest study and Happiness going

the longest study and Happiness going

the longest study and Happiness going for over 75 years now shows is that the

for over 75 years now shows is that the

for over 75 years now shows is that the most satisfied people and the most happy

most satisfied people and the most happy

most satisfied people and the most happy people are the ones and stable

people are the ones and stable

people are the ones and stable relationships and when we look around

relationships and when we look around

relationships and when we look around it’s social media that has

it’s social media that has

it’s social media that has revolutionized the internet and the way

revolutionized the internet and the way

revolutionized the internet and the way we communicate which is basically just a

we communicate which is basically just a

we communicate which is basically just a modern expression of our innate desire

modern expression of our innate desire

modern expression of our innate desire to be connected to other people but

to be connected to other people but

to be connected to other people but relationships take time something we

relationships take time something we

relationships take time something we believe we may not always have in our

believe we may not always have in our

believe we may not always have in our busy lives as

busy lives as

busy lives as society we value work overplay

society we value work overplay

society we value work overplay productivity or the laziness sites of

productivity or the laziness sites of

productivity or the laziness sites of self-discipline or slacking we say

self-discipline or slacking we say

self-discipline or slacking we say children should be allowed to play or

children should be allowed to play or

children should be allowed to play or forget this former adult so as a

forget this former adult so as a

forget this former adult so as a consequence on an average work day we

consequence on an average work day we

consequence on an average work day we spend eight point nine hours doing

spend eight point nine hours doing

spend eight point nine hours doing something work-related and only two and

something work-related and only two and

something work-related and only two and a half hours doing something leisure

a half hours doing something leisure

a half hours doing something leisure related which means only two and a half

related which means only two and a half

related which means only two and a half hours for hobbies for ourselves

hours for hobbies for ourselves

hours for hobbies for ourselves and for other people that’s the Japanese

and for other people that’s the Japanese

and for other people that’s the Japanese word Hiroshi it means death from being

word Hiroshi it means death from being

word Hiroshi it means death from being overworked and it’s a serious issue in

overworked and it’s a serious issue in

overworked and it’s a serious issue in Japan and my work I’ve also looked at

Japan and my work I’ve also looked at

Japan and my work I’ve also looked at workaholism and opportunity costs

workaholism and opportunity costs

workaholism and opportunity costs workaholic is a person who works

workaholic is a person who works

workaholic is a person who works compulsively it’s not a healthy

compulsively it’s not a healthy

compulsively it’s not a healthy condition as you may imagine and may

condition as you may imagine and may

condition as you may imagine and may lead to Karoshi

lead to Karoshi

lead to Karoshi or other negative health-related

or other negative health-related

or other negative health-related consequences we may not always die and

consequences we may not always die and

consequences we may not always die and what I found was that people who scored

what I found was that people who scored

what I found was that people who scored high workaholism were more likely to

high workaholism were more likely to

high workaholism were more likely to experience opportunity cost in the

experience opportunity cost in the

experience opportunity cost in the opposite direction feeling like they

opposite direction feeling like they

opposite direction feeling like they were missing out on work when they were

were missing out on work when they were

were missing out on work when they were taking a break a woman once said it

taking a break a woman once said it

taking a break a woman once said it feels undisciplined it feels wasteful I

feels undisciplined it feels wasteful I

feels undisciplined it feels wasteful I don’t know if I will do such thing ever

don’t know if I will do such thing ever

don’t know if I will do such thing ever again what awful thing you believe this

again what awful thing you believe this

again what awful thing you believe this woman did well she watched a movie on

woman did well she watched a movie on

woman did well she watched a movie on Netflix for the first time and feels

Netflix for the first time and feels

Netflix for the first time and feels guilty about it isn’t it a weird moral

guilty about it isn’t it a weird moral

guilty about it isn’t it a weird moral system and which one may feel guilty

system and which one may feel guilty

system and which one may feel guilty about being unproductive and as society

about being unproductive and as society

about being unproductive and as society we have an Ultima realistic view of

we have an Ultima realistic view of

we have an Ultima realistic view of productivity thanks to what is called

productivity thanks to what is called

productivity thanks to what is called capitalism and the Protestant work ethic

capitalism and the Protestant work ethic

capitalism and the Protestant work ethic which is the idea that God praises the

which is the idea that God praises the

which is the idea that God praises the ones only who produce and devote their

ones only who produce and devote their

ones only who produce and devote their lives to labor as Max Weber wrote lots

lives to labor as Max Weber wrote lots

lives to labor as Max Weber wrote lots of time through searchable ‘ti idle talk

of time through searchable ‘ti idle talk

of time through searchable ‘ti idle talk luxury even more sleep than necessary

luxury even more sleep than necessary

luxury even more sleep than necessary six to at most eight hours is worthy of

six to at most eight hours is worthy of

six to at most eight hours is worthy of absolute moral condemnation half work

absolute moral condemnation half work

absolute moral condemnation half work performance and diligence when signs of

performance and diligence when signs of

performance and diligence when signs of grace and salvation have turned into

grace and salvation have turned into

grace and salvation have turned into inspired values in

inspired values in

inspired values in so that we spend our lives contributing

so that we spend our lives contributing

so that we spend our lives contributing to the GDP instead of enjoying it and

to the GDP instead of enjoying it and

to the GDP instead of enjoying it and except I’m poverty as a necessary

except I’m poverty as a necessary

except I’m poverty as a necessary condition for employment so in the

condition for employment so in the

condition for employment so in the beginning I asked the question why are

beginning I asked the question why are

beginning I asked the question why are we designed in a way that self-control

we designed in a way that self-control

we designed in a way that self-control is effortful I believe there’s a reason

is effortful I believe there’s a reason

is effortful I believe there’s a reason it’s for our own good to experience

it’s for our own good to experience

it’s for our own good to experience opportunity costs because they serve as

opportunity costs because they serve as

opportunity costs because they serve as a signal that tells us to switch from

a signal that tells us to switch from

a signal that tells us to switch from labor to leisure from work to life and I

labor to leisure from work to life and I

labor to leisure from work to life and I believe we can be just as productive

believe we can be just as productive

believe we can be just as productive when we take a break when we build

when we take a break when we build

when we take a break when we build relationships when we’re socially active

relationships when we’re socially active

relationships when we’re socially active online or in real life because this is

online or in real life because this is

online or in real life because this is what might benefit us in the long run if

what might benefit us in the long run if

what might benefit us in the long run if you’re an employer you may wonder okay

you’re an employer you may wonder okay

you’re an employer you may wonder okay what can you possibly do to increase

what can you possibly do to increase

what can you possibly do to increase your employees happiness

your employees happiness

your employees happiness and I think there are three things you

and I think there are three things you

and I think there are three things you can possibly do to minimize your

can possibly do to minimize your

can possibly do to minimize your employees opportunity costs the first

employees opportunity costs the first

employees opportunity costs the first recommendation is to have a lot of paid

recommendation is to have a lot of paid

recommendation is to have a lot of paid holidays 30 at a minimum I think we’re

holidays 30 at a minimum I think we’re

holidays 30 at a minimum I think we’re not doing bad in Germany where the

not doing bad in Germany where the

not doing bad in Germany where the average person has 29 but with 20 being

average person has 29 but with 20 being

average person has 29 but with 20 being the minimum I think we could do better

the minimum I think we could do better

the minimum I think we could do better and there’s some countries for tennis’

and there’s some countries for tennis’

and there’s some countries for tennis’ the minimum which i think is too little

the minimum which i think is too little

the minimum which i think is too little and my second recommendation would be

and my second recommendation would be

and my second recommendation would be on-site opportunities to play games or

on-site opportunities to play games or

on-site opportunities to play games or sports or other form of hobbies so that

sports or other form of hobbies so that

sports or other form of hobbies so that your employees can take a leisurely

your employees can take a leisurely

your employees can take a leisurely break whenever necessary and my third

break whenever necessary and my third

break whenever necessary and my third recommendation is make no emails on

recommendation is make no emails on

recommendation is make no emails on evenings or on weekends a rule because

evenings or on weekends a rule because

evenings or on weekends a rule because this is time to unwind and to relax and

this is time to unwind and to relax and

this is time to unwind and to relax and I think those recommendations are

I think those recommendations are

I think those recommendations are important because nothing neither work

important because nothing neither work

important because nothing neither work nor play is more valuable than the other

nor play is more valuable than the other

nor play is more valuable than the other in order to flourish in life we need

in order to flourish in life we need

in order to flourish in life we need both we need careers and accomplishments

both we need careers and accomplishments

both we need careers and accomplishments on the one side but also play in

on the one side but also play in

on the one side but also play in relationships on the other side so for

relationships on the other side so for

relationships on the other side so for all these years I’ve been searching the

all these years I’ve been searching the

all these years I’ve been searching the holy grail of self-control but the

holy grail of self-control but the

holy grail of self-control but the realization of opportunity costs has

realization of opportunity costs has

realization of opportunity costs has shifted my perspective and I hope today

shifted my perspective and I hope today

shifted my perspective and I hope today it has also shifted yours opportunity is

it has also shifted yours opportunity is

it has also shifted yours opportunity is a currency and we should spend it well

a currency and we should spend it well

a currency and we should spend it well so I want to leave you with free

so I want to leave you with free

so I want to leave you with free takeaway

takeaway

takeaway focus on relationships rethink the value

focus on relationships rethink the value

focus on relationships rethink the value that you place on work and self-control

that you place on work and self-control

that you place on work and self-control failure is not always a failure it helps

failure is not always a failure it helps

failure is not always a failure it helps us to prevent Karoshi and lets us take

us to prevent Karoshi and lets us take

us to prevent Karoshi and lets us take part in this adventure called life thank

part in this adventure called life thank

part in this adventure called life thank you

”

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