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A well-known example of a contrasting mindset is fixed versus growth. A mindset refers to an established set of attitudes of a person or group concerning culture, values, philosophy, frame of reference, outlook, or disposition. [1] [2] It may also arise from a person's worldview or beliefs about the meaning of life. [3]
Stanford News Service press release: Fixed versus growth intelligence mindsets: It's all in your head, Dweck says Archived 2010-03-31 at the Wayback Machine; Lisa Trei, "New study yields instructive results on how mindset affects learning", Stanford Report, Feb. 7, 2007; Carol Dweck's TED Talk on the Growth Mindset, TEDxNorrkoping, Nov. 2014
Wood has been a vocal critic of the concept of Growth Mindset, a psychological theory asserting that students learn best when they perceive intelligence as an outgrowth of hard work, resilience, and effort. In contrast, a fixed mindset sees intelligence as a fixed trait (i.e., smart vs. not smart).
The "mindset" methodology comes from the work of Stanford University psychology professor Carol Dweck. Dweck visited Microsoft in May 2016, met with Hogan and others, and was favorably impressed: unlike some other Fortune 500 companies that "give lip service to growth mind-set", Dweck says, "I could see that they understood it deeply."
Financial products that typically come with fixed interest rates include: Traditional certificates of deposit. Fixed-rate mortgages. Home equity loans. Personal loans. Auto loans. Small business loans
The idea of a "group mind" or "mob behavior" was first put forward by 19th-century social psychologists Gabriel Tarde and Gustave Le Bon.Herd behavior in human societies has also been studied by Sigmund Freud and Wilfred Trotter, whose book Instincts of the Herd in Peace and War is a classic in the field of social psychology.
Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss. [1] [2] [3] The term is derived from game theory.However, unlike the game theory concept, zero-sum thinking refers to a psychological construct—a person's subjective interpretation of a situation.
Fixed budgets and flexible budgets are well-known concepts in business accounting. But you can also apply these budgeting principles to personal finance and your own spending. Keep reading to ...