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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]
Students followed throughout their middle school careers showed that those who possessed growth mindset tendencies made better grades and had a more positive view on the role of effort than students who possessed fixed mindset tendencies with similar abilities, two years following the initial survey. [10]
Dweck has described fixed-mindset individuals as dreading failure because it is a negative statement on their basic abilities, while growth mindset individuals don't mind or fear failure as much because they realize their performance can be improved and learning comes from failure. [14]
Psychologist Carol Dweck distinguished differences between the growth mindset, the idea that ability is malleable, and the fixed mindset, the idea that ability is fixed. People who incorporate a growth mindset on a certain task tend to have higher motivation. [43] [44]
A distinction can be made between personal development and personal growth. Although similar, both concepts portray different ideas. Personal development specifies the focus of the "what" that is evolving, while personal growth entails a much more holistic view of broader concepts including morals and values being developed. [6]
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).
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
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.