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Showing posts from February, 2024

Intentionality

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  What is intentionality?  Like any "internet" person I searched google for the  definition of intentionality.  Like many things, the definition I found was a little more "academic" than I had hoped for.  When I see phrases like "the power of minds" I get wary and feel as though I am about to head down the wrong rabbit hole.  I did however, come across this description for "What does it mean to act with intentionality":   a characteristic of an individual's acts that requires the individual (a) to have goals, desires, and standards; (b) to select behaviors that are in the service of attaining the goal (e.g., means to an end); and (c) to call into conscious awareness a desired future state. This phrase is a more on the pragmatic side.  Nothing in it about "the power of minds".  Why the interest in intentionality?  First off the concept of intent and intentionality came up in several readings this past month.  It also came up in a fe...

Decisions, Decisions, Decisions again

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  The last couple weeks have been quite an adventure for my wife and I.  In the space of just over a week we have had issues with our roof, water heater, dishwasher and irrigation (sprinkler) system.  These events are accompanied by the usual and unfamiliar decisions.  Unfamiliar in the sense that most of us lack any substantial experience in making these types of decisions.  One of the elements of rational economics is that as we gain experience we make better decisions.  Behavioral economist Richard Thaler counters this, pointing out that most of us do not buy or sell enough homes to gain substantial real estate experience.  I would add, that many of the things I learned in buying our first home would be irrelevant in today's market.  In simpler terms buying a home in Mississauga Ontario in 1986 is vastly different than buying one in McKinney Texas in 2019.  So in that light, here is my view of one of our household decisions over the past c...