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pattern
(efeas, Egypt)
pattern
efeas, Egypt
Posts: 0
1 year ago
Mar 23, 2023 15:33
Individual Differences Psychology
Perhaps the first task of every teacher in a class should be to know and study individual differences among his pupils. Individual differences in bodily appearance and physique, habits and skills, interests and temperaments, abilities and attainments have already been recognised.
According to Skinner, “Today we think of individual differences as including any measurable aspect of the total personality.” It is clear from this definition of individual differences that it comprehends every aspect of human personality which is in some manner measurable.
Types of Individual Differences:
1. Physical differences:
Shortness or tallness of stature, darkness or fairness of complexion, fatness, thinness, or weakness are various physical individual differences.
2. Differences in intelligence:
There are differences in intelligence level among different individuals. We can classify the individuals from super-normal (above 120 I.Q.) to idiots (from 0 to 50 I.Q.) on the basis of their intelligence level.
3. Differences in attitudes:
Individuals differ in their attitudes towards different people, objects, institutions and authority.
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4. Differences in achievement:
It has been found through achievement tests that individuals differ in their achievement abilities. These differences are very much visible in reading, writing and in learning mathematics.
These differences in achievement are even visible among the children who are at the same level of intelligence. These differences are on account of the differences in the various factors of intelligence and the differences in the various experiences, interests and educational background.
5. Differences in motor ability:
There are differences in motor ability. These differences are visible at different ages. Some people can perform mechanical tasks easily, while others, even though they are at the same level, feel much difficulty in performing these tasks.
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6. Differences on account of sex:
McNemar and Terman discovered the following differences between men and women, on the basis of some studies:
(i) Women have greater skill in memory while men have greater motor ability.
(ii) Handwriting of women is superior while men excel in mathematics and logic.
(iii) Women show greater skill in making sensory distinctions of taste, touch and smell etc., while men show greater reaction and conscious of size- weight illusion.
(iv) Women are superior to men in languages, while men are superior in physics and chemistry.
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(v) Women are better than men in mirror drawing. Faults of speech etc. in men were found to be three times of such faults in women.
(vi) Women are more susceptible to suggestion while there are three times as many colour blind men as there are women.
(vii) Young girls take interest in stories of love, fairy tales, stories of the school and home and day-dreaming and show various levels in their play. On the other hand boys take interest in stories of bravery, science, war, scouting, stories of games and sports, stories and games of occupation and skill.
7. Racial differences:
There are different kinds of racial differences. Differences of environment is a normal factor in causing these differences. Karl Brigham has composed a list on the basis of differences in levels of intelligence among people who have migrated to United States from other countries.
On the basis of these average differences between the races, the mental age of a particular individual cannot be calculated since this difference is based on environment.

8. Differences due to nationality:
Individuals of different nations differ in respect of physical and mental differences, interests and personality etc. ‘Russians are tall and stout’; ‘Ceylonese are short and slim’; ‘Germans have no sense of humour’; ‘Yellow races are cruel and revengeful’; ‘Americans are hearty and frank’; Indians are timid and peace-loving’ and the like observations enter into our common talk.
9. Differences due to economic status:
Differences in children’s interests, tendencies and character are caused by economic differences.
10. Differences in interests:
Factors such as sex, family background level of development, differences of race and nationality etc., cause differences in interests.
11. Emotional differences: https://www.gold-pattern.com/
Individuals differ in their emotional reactions to a particular situation. Some are irritable and aggressive and they get angry very soon. There are others who are of peaceful nature and do not get angry easily. At a particular thing an individual may be so much enraged that he may be prepared for the worst crime like murder, while another person may only laugh at it.
12. Personality differences:
There are differences in respect of personality. On the basis of differences in personality, individuals have been classified into many groups.

pattern
efeas, Egypt
Posts: 0
1 year ago
Mar 14, 2023 6:39
Professionalism

Professionalism is a powerful quality. It allows you to fulfilll your role to the best of your ability. It helps you to impress and inspire others. And it gives you a deep sense of satisfaction and self-worth.

What's more, professionalism is something that everyone can aspire to from day one of their career.

In this article, we explain what professionalism means today, and show you how to act and feel like a professional – wherever you work.

What Is Professionalism?
As the saying goes, "Professionalism is not the job you do, it's how you do the job."

Professionalism involves consistently achieving high standards, both visibly and "behind the scenes" – whatever your role or profession.
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Some sectors, workplaces or roles have particular "rules" of professionalism. These may be explicit, such as an agreed dress code, or a policy for using social media. Other rules and expectations may not be written down, but they can be just as important – such as what is regarded as professional behavior at meetings, or even how people personalize their desks.

It pays to be observant, and to ask for clarification if necessary. "Fitting in" is a big part of professionalism, as it's a way to show respect, attention to detail, and a commitment to upholding agreed practices and values.

However, "being true to yourself" is just as important. True professionals don't follow rules mindlessly, and they know when and how to challenge norms. They're also flexible, and they find their own ways to do things – while still maintaining high standards.


8 Characteristics of Professionalism
What are the attributes that will mark you out as a professional? Let's look at eight key characteristics:

1. Competence
As a professional, you get the job done – and done well. Your abilities match the requirements of your role, and you often produce results that exceed expectations.

But you never plow on simply for the sake of appearances. Instead, your professionalism allows you to manage your own and others' expectations, and to ask for support when necessary.

2. Knowledge
Professionalism involves developing detailed, up-to-date knowledge, which is often highly specialized. At every stage of your career you can strive to master your role – and keep adding to what you know.

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It's also important to put your knowledge into action. Being professional means feeling confident to show what you know – not for self-promotion, but to help yourself and others to succeed.

3. Conscientiousness
Professionalism involves being reliable, setting your own high standards, and showing that you care about every aspect of your job. It's about being industrious and organized, and holding yourself accountable for your thoughts, words and actions.

But don't confuse conscientiousness with working longer hours than everyone else, or obsessing about details. True professionals plan and prioritize their work to keep it under control, and they don't let perfectionism hold them back.

4. Integrity
Integrity is what keeps professional people true to their word. It also stops them compromising their values, even if that means taking a harder road.

Integrity is bound up with being honest – to yourself, and to the people you meet. Your beliefs and behaviors are aligned, and everyone can see that you're genuine.

5. Respect
Professionalism means being a role model for politeness and good manners – to everyone, not just those you need to impress.

What's more, you show that you truly respect other people by taking their needs into account, and by helping to uphold their rights.

6. Emotional Intelligence
To be a true professional you need to stay professional even under pressure. This takes strategies for managing your emotions, plus a clear awareness of other people's feelings. In short, emotional intelligence is essential.

Sometimes, professionalism means keeping your emotions in check. But at other times it's important to express your feelings, in order to have meaningful conversations or to stand up for what you believe in.
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7. Appropriateness
A big part of being professional is knowing what's appropriate in different situations. It avoids awkwardness or upset, boosts your credibility, and helps you to feel secure in your role.

Appropriateness relates to outward appearances, such as dress, personal grooming and body language.

But it also covers the way you speak and write, the topics you choose to discuss, and how you behave with others.

8. Confidence
Well-founded confidence reassures and motivates other people, boosting your ability to influence and lead. It also pushes you to take on new challenges, because you don't fear damaging your professional reputation if things go wrong.

Professionalism makes you confident about what you’re doing now, but always eager to do it better and achieve more.

How to Exhibit Professionalism
Now that we've seen the qualities that set professionals apart, let's explore ways to improve in each of these eight areas.
https://www.gold-pattern.com/en
pattern
efeas, Egypt
Posts: 0
1 year ago
Mar 1, 2023 8:51
The Surprising Power of Small Habits
Category: Growth, Habits, and Peak Performance
Description: We live in a world of competition. The margin between good and great is slimmer than ever before. Small habits can unlock the improvements you need to get the results you want.

Your life today is essentially the sum of your habits. How in shape or out of shape you are? A result of your habits. How happy or unhappy you are? A result of your habits. How successful or unsuccessful you are? A result of your habits. What you repeatedly do ultimately forms the person you are, the things you believe, and the results you enjoy. It is so easy to overestimate the importance of one defining moment and underestimate the value of making better decisions on a daily basis. The daily choices we make shape our teams, our societies, and ourselves. Change your habits and you’ll change your life.

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In this popular talk, James Clear explains a simple and powerful strategy for how to stick to good habits and break bad ones. His practical framework will break down the proven science of how habits work and explain how every person can build high performance habits. After delivering this talk for the closing keynote at Stanford University for the Habit Summit, conference founder Nir Eyal declared, “His talk on building better habits, driving behavior change, and improving performance wowed the crowd of startup founders, consultants, and venture capitalists. I couldn’t be happier with my choice to bring in James to speak to our audience.”

The Surprising Power of Small Habits
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Your life today is essentially the sum of your habits. Are you in the physical shape that you want to be in? Are you optimizing your talents at work? Is your team achieving its targets? All are a result of habits. What we repeatedly do, each and every day, ultimately forms the results we enjoy and the goals we achieve. Change your habits, change your systems, and you’ll transform your life, team and organization.
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James Clear explains this breakthrough approach to creating transformational change. He breaks down the science to show how change works at the most granular level and how the accumulation of just one percent improvements each day leads to massive change over time. Using inspiring examples of individuals and teams that have achieved extraordinary goals like winning the Tour de France or reinventing manufacturing processes, James shows how any goal can be achieved by adopting the right habits and systems, the right way. A transformative talk that leaves you seeing any challenge through the lens of positive and negative habits and equipped with proven strategies to achieve any goal. https://www.gold-pattern.com/en



pattern
efeas, Egypt
Posts: 0
1 year ago
Feb 20, 2023 6:29
How Stop-Loss Orders Work
Traders or investors may choose to use a stop-loss order to limit their losses and protect their profits. By placing a stop-loss order, they can manage risk by exiting a position if the price for their security starts moving in the direction opposite to the position that they've taken.

A stop-loss order to sell is a customer order that instructs a broker to sell a security if the market price for it drops to or below a specified stop price. A stop-loss order to buy sets the stop price above the current market price.

Advantage Over a Stop-Limit Order
A stop-loss order becomes a market order to be executed at the best available price if the price of a security reaches the stop price. A stop-limit order also triggers at the stop price. However, the limit order might not be executed because it is an order to execute at a specific (limit) price. Thus, the stop-loss order removes the risk that a position won't be closed out as the stock price continues to fall.
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Potential Disadvantages
One disadvantage of the stop-loss order concerns price gaps. If a stock price suddenly gaps below (or above) the stop price, the order would trigger. The stock would be sold (or bought) at the next available price even if the stock is trading sharply away from your stop loss level.

Another disadvantage concerns getting stopped out in a choppy market that quickly reverses itself and resumes in the direction that was beneficial to your position.
Investors can create a more flexible stop-loss order by combining it with a trailing stop. A trailing stop is an order whose stop price, rather than being a fixed price, is instead set at a certain percentage or dollar amount below (or above) the current market price. So, for instance, as the price of a security that you own moves up, the stop price moves up with it, allowing you to lock in some profit as you continue to be protected from downside risk.
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Benefits of Stop-Loss Orders
Stop-loss orders are a smart and easy way to manage the risk of loss on a trade.
They can help traders lock in profit.
Every investor can make them a part of their investment strategy.
They add discipline to an investor's short-term trading efforts.
They take emotions out of trading.
They eliminate the need to monitor investments on a daily (or hourly) basis.
Examples of Stop-Loss Orders
A trader buys 100 shares of XYZ Company for $100 and sets a stop-loss order at $90. The stock declines over the next few weeks and falls below $90. The trader's stop-loss order gets triggered and the position is sold at $89.95 for a minor loss. The market continues trending downward.
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A trader buys 500 shares of ABC Corporation for $100 and sets a stop-loss order for $90. After the market closes, the business reports unfavorable earnings results. When the market opens the next day, ABC's stock price gaps down. The trader's stop-loss order is triggered. The order gets executed at a price of $70.00 for a substantial loss. However, the market continues dropping and closes at 49.50. While the stop-loss order couldn't protect the trader as originally intended, it still limited the loss to much less than it could have been.

What's a Stop-Loss Order?
It's an order placed once you've taken a position in a security (on the buy side or sell side) with instructions to close out your position by selling (or buying) the security at the market if the price of the security reaches a specific level.

How Does a Stop-Loss Order Limit Loss?
A stop-loss order limits your exposure to less of a loss than you might otherwise experience by automatically closing out your position if your stock trades to an unfavorable market price level that you designate. If you use a trailing stop with your stop-loss order, that protection can move with your position even as it increases in value. So, a loss could translate to less profit rather than a complete loss.

Do Long-Term Investors Need Stop-Loss Orders?
Probably not. Long-term investors shouldn't be overly concerned with market fluctuations because they're in the market for the long haul and can wait for it to recover from downturns. However, they can and should evaluate market drops to determine if some action is called for. For example, a downturn could provide the opportunity to add to their positions, rather than to exit them.
pattern
efeas, Egypt
Posts: 0
1 year ago
Feb 16, 2023 0:36
Personality

Personality refers to the enduring characteristics and behavior that comprise a person’s unique adjustment to life, including major traits, interests, drives, values, self-concept, abilities, and emotional patterns. Various theories explain the structure and development of personality in different ways, but all agree that personality helps determine behavior.

The field of personality psychology studies the nature and definition of personality as well as its development, structure and trait constructs, dynamic processes, variations (with emphasis on enduring and stable individual differences), and maladaptive forms.
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Personality psychology is a branch of psychology that examines personality and its variation among individuals. It aims to show how people are individually different due to psychological forces.[1] Its areas of focus include:

construction of a coherent picture of the individual and their major psychological processes
investigation of individual psychological differences
investigation of human nature and psychological similarities between individuals
"Personality" is a dynamic and organized set of characteristics possessed by an individual that uniquely influences their environment, cognition, emotions, motivations, and behaviors in various situations. The word personality originates from the Latin persona, which means "mask".
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Personality also pertains to the pattern of thoughts, feelings, social adjustments, and behaviors persistently exhibited over time that strongly influences one's expectations, self-perceptions, values, and attitudes. Personality also predicts human reactions to other people, problems, and stress.[2][3] Gordon Allport (1937) described two major ways to study personality: the nomothetic and the idiographic. Nomothetic psychology seeks general laws that can be applied to many different people, such as the principle of self-actualization or the trait of extraversion. Idiographic psychology is an attempt to understand the unique aspects of a particular individual.

The study of personality has a broad and varied history in psychology, with an abundance of theoretical traditions. The major theories include dispositional (trait) perspective, psychodynamic, humanistic, biological, behaviorist, evolutionary, and social learning perspective. Many researchers and psychologists do not explicitly identify themselves with a certain perspective and instead take an eclectic approach. Research in this area is empirically driven – such as dimensional models, based on multivariate statistics such as factor analysis – or emphasizes theory development, such as that of the psychodynamic theory. There is also a substantial emphasis on the applied field of personality testing. In psychological education and training, the study of the nature of personality and its psychological development is usually reviewed as a prerequisite to courses in abnormal psychology or clinical psychology.

Philosophical assumptions
Many of the ideas conceptualized by historical and modern personality theorists stem from the basic philosophical assumptions they hold. The study of personality is not a purely empirical discipline, as it brings in elements of art, science, and philosophy to draw general conclusions. The following five categories are some of the most fundamental philosophical assumptions on which theorists disagree:[4]
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Freedom versus determinism – This is the question of whether humans have control over their own behavior and understand the motives behind it, or if their behavior is causally determined by forces beyond their control. Behavior is categorized as being either unconscious, environmental or biological by various theories. https://www.gold-pattern.com/en

Heredity (nature) versus environment (nurture) – Personality is thought to be determined largely either by genetics and biology, or by environment and experiences. Contemporary research suggests that most personality traits are based on the joint influence of genetics and environment. One of the forerunners in this arena is C. Robert Cloninger, who pioneered the Temperament and Character model.[4]
Uniqueness versus universality – This question discusses the extent of each human's individuality (uniqueness) or similarity in nature (universality). Gordon Allport, Abraham Maslow, and Carl Rogers were all advocates of the uniqueness of individuals. Behaviorists and cognitive theorists, in contrast, emphasize the importance of universal principles, such as reinforcement and self-efficacy.[4]
Active versus reactive – This question explores whether humans primarily act through individual initiative (active) or through outside stimuli. Traditional behavioral theorists typically believed that humans are passively shaped by their environments, whereas humanistic and cognitive theorists believe that humans play a more active role.[4] Most modern theorists agree that both are important, with aggregate behavior being primarily determined by traits and situational factors being the pri
pattern
efeas, Egypt
Posts: 0
1 year ago
Feb 5, 2023 0:35
How Trends Work
Traders can identify a trend using various forms of technical analysis, including trendlines, price action, and technical indicators. For example, trendlines might show the direction of a trend while the relative strength index (RSI) is designed to show the strength of a trend at any given point in time.
An uptrend is marked by an overall increase in price. Nothing moves straight up for long, so there will always be oscillations, but the overall direction needs to be higher in order for it to be considered an uptrend. Recent swing lows should be above prior swing lows, and the same goes for swing highs. Once this structure starts to break down, the uptrend could be losing steam or reversing into a downtrend. Downtrends are composed of lower swing lows and lower swing highs.
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While the trend is up, traders may assume it will continue until there is evidence that points to the contrary. Such evidence could include lower swing lows or highs, the price breaking below a trendline, or technical indicators turning bearish. While the trend is up, traders focus on buying, attempting to profit from a continued price rise.
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When the trend turns down, traders focus more on selling or shorting, attempting to minimize losses or profit from the price decline. Most (not all) downtrends do reverse at some point, so as the price continues to decline, more traders begin to see the price as a bargain and step in to buy. This could lead to the emergence of an uptrend again.
Trends may also be used by investors focused on fundamental analysis. This form of analysis looks at changes in revenue, earnings, or other business or economic metrics. For example, fundamental analysts may look for trends in earnings per share and revenue growth. If earnings have grown for the past four quarters, this represents a positive trend. However, if earnings have declined for the past four quarters, it represents a negative trend.
The lack of a trend—that is, a period of time where there is little overall upward or downward progress—is called a range or trendless period.
Using Trendlines
A common way to identify trends is using trendlines, which connect a series of highs (downtrend) or lows (uptrend). Uptrends connect a series of higher lows, creating a support level for future price movements. Downtrends connect a series of lower highs, creating a resistance level for future price movements. In addition to support and resistance, these trendlines show the overall direction of the trend.
While trendlines do a good job of showing overall direction, they will often need to be redrawn. For example, during an uptrend, the price may fall below the trendline, yet this doesn't necessarily mean the trend is over. The price may move below the trendline and then continue rising. In such an event, the trendline may need to be redrawn to reflect the new price action.
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Trendlines should not be relied on exclusively to determine the trend. Most professionals also tend to look at price action and other technical indicators to help determine if a trend is ending or not. In the example above, a drop below the trendline isn't necessarily a sell signal, but if the price also drops below a prior swing low and/or technical indicators are turning bearish, then it might be.
Example of a Trend and Trendline
The following chart shows a rising trendline along with an RSI reading that suggests a strong trend. While the price is oscillating, the overall progress is to the upside.
The rising trend begins to lose momentum and selling pressure kicks in. The RSI falls below 70, followed by a very large down candle that takes the price to the trendline. The move lower was confirmed the next day when the price gapped below the trendline. These signals could have been used to exit long positions as there was evidence that the trend was turning. Short trades could have also been initiated. https://www.gold-pattern.com/en
As the price moves lower, it starts to attract buyers interested in the lower price. Another trendline (not shown) could also be drawn along the falling price to indicate when a bounce may be coming. That trendline would be have been penetrated near the middle of February as the price made a quick v-bottom and progressed higher.
pattern
efeas, Egypt
Posts: 0
1 year ago
Jan 19, 2023 21:57
Understanding Risk Management
Risk management occurs everywhere in the realm
of finance. It occurs when an investor buys U.S.
Treasury bonds over corporate bonds,
when a fund manager hedges
his currency exposure with currency derivatives,
and when a bank performs a credit check on an individual
before issuing a personal line of credit.
Stockbrokers use financial instruments
like options and futures,
and money managers use strategies like portfolio diversification,
asset allocation and position sizing to mitigate or effectively manage risk.
Read more onHttps://www.gold-pattern.com/en

pattern
efeas, Egypt
Posts: 0
2 years ago
Jan 17, 2023 8:43
Understanding Risk Management
Risk management occurs everywhere in the realm of finance. It occurs when an investor buys U.S. Treasury bonds over corporate bonds, when a fund manager hedges his currency exposure with currency derivatives, and when a bank performs a credit check on an individual before issuing a personal line of credit. Stockbrokers use financial instruments like options and futures, and money managers use strategies like portfolio diversification, asset allocation and position sizing to mitigate or effectively manage risk.

Inadequate risk management can result in severe consequences for companies, individuals, and the economy. For example, the subprime mortgage meltdown in 2007 that helped trigger the Great Recession stemmed from bad risk-management decisions, such as lenders who extended mortgages to individuals with poor credit; investment firms who bought, packaged, and resold these mortgages; and funds that invested excessively in the repackaged, but still risky, mortgage-backed securities (MBSs).
Practice trading with virtual money
Find out what a hypothetical investment would be worth today.
SELECT A STOCK
TSLA
TESLA INC
AAPL
APPLE INC
NKE
NIKE INC
AMZN
AMAZON.COM, INC
WMT
WALMART INC
SELECT INVESTMENT AMOUNT
$
1000
SELECT A PURCHASE DATE
5 years ago
CALCULATE
Good, Bad, and Necessary Risk
We tend to think of "risk" in predominantly negative terms. However, in the investment world, risk is necessary and inseparable from desirable performance.

A common definition of investment risk is a deviation from an expected outcome. We can express this deviation in absolute terms or relative to something else, like a market benchmark.
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While that deviation may be positive or negative, investment professionals generally accept the idea that such deviation implies some degree of the intended outcome for your investments. Thus to achieve higher returns one expects to accept the greater risk. It is also a generally accepted idea that increased risk comes in the form of increased volatility. While investment professionals constantly seek—and occasionally find—ways to reduce such volatility, there is no clear agreement among them on how it's best done.
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How much volatility an investor should accept depends entirely on the individual investor's tolerance for risk, or in the case of an investment professional, how much tolerance their investment objectives allow. One of the most commonly used absolute risk metrics is standard deviation, a statistical measure of dispersion around a central tendency. You look at the average return of an investment and then find its average standard deviation over the same time period. Normal distributions (the familiar bell-shaped curve) dictate that the expected return of the investment is likely to be one standard deviation from the average 67% of the time and two standard deviations from the average deviation 95% of the time. This helps investors evaluate risk numerically. If they believe that they can tolerate the risk, financially and emotionally, they invest.

Risk Management Example
For example, during a 15-year period from Aug. 1, 1992, to July 31, 2007, the average annualized total return of the S&P 500 was 10.7%. This number reveals what happened for the whole period, but it does not say what happened along the way. The average standard deviation of the S&P 500 for that same period was 13.5%. This is the difference between the average return and the real return at most given points throughout the 15-year period.

When applying the bell curve model, any given outcome should fall within one standard deviation of the mean about 67% of the time and within two standard deviations about 95% of the time. Thus, an S&P 500 investor could expect the return, at any given point during this period, to be 10.7% plus or minus the standard deviation of 13.5% about 67% of the time; he may also assume a 27% (two standard deviations) increase or decrease 95% of the time. If he can afford the loss, he invests.

Risk Management and Psychology
While that information may be helpful, it does not fully address an investor's risk concerns. The field of behavioral finance has contributed an important element to the risk equation, demonstrating asymmetry between how people view gains and losses. In the language of prospect theory, an area of behavioral finance introduced by Amos Tversky and Daniel Kahneman in 1979, investors exhibit loss aversion. Tversky and Kahneman documented that investors put roughly twice the weight on the pain associated with a loss than the good feeling associated with a profit.
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Often, what investors really want to know is not just how much an asset deviates from its expected outcome, but how bad things look way down on the left-hand tail of the distribution curve. Value at risk (VAR) attempts to provide an answer to this question https://www.gold-pattern.com/en
pattern
efeas, Egypt
Posts: 0
2 years ago
Dec 31, 2022 13:56
Habits
The word habit is pulled from the Latin words habere, which means "have, consist of," and habitus, which means "condition, or state of being." It also is derived from the French word habit (pronounced \ah-bee\), which means clothes.[11] In the 13th century, the word habit first just referred to clothing. The meaning then progressed to the more common use of the word, which is "acquired mode of behavior."[11]


Formation
Habit formation is the process by which a behavior, through regular repetition, becomes automatic or habitual. This is modeled as an increase in automaticity with the number of repetitions up to an asymptote.[13][14][15] This process of habit formation can be slow. Lally et al. (2010) found the average time for participants to reach the asymptote of automaticity was 66 days with a range of 18–254
days.[15]
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There are 3 main components to habit formation: the context cue, behavioral repetition, and the reward.[16] The context cue can be a prior action, time of day, location, or anything that triggers the habitual behavior. This could be anything that one's mind associates with that habit, and one will automatically let a habit come to the surface. The behavior is the actual habit that one exhibits, and the reward, such as a positive feeling, therefore continues the "habit loop".[17] A habit may initially be triggered by a goal, but over time that goal becomes less necessary and the habit becomes more automatic. Intermittent or uncertain rewards have been found to be particularly effective in promoting habit learning.[18]

A variety of digital tools, online or mobile apps, have been introduced that are designed to support habit formation. For example, Habitica is a system that uses gamification, implementing strategies found in video games to real-life tasks by adding rewards such as experience and gold.[19] However, a review of such tools suggests most are poorly designed with respect to theory and fail to support the development of automaticity.[20][21]

Shopping habits are particularly vulnerable to change at "major life moments" like graduation, marriage, the birth of the first child, moving to a new home, and divorce. Some stores use purchase data to try to detect these events and take advantage of the marketing opportunity.[22]
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Some habits are known as "keystone habits," and these influence the formation of other habits. For example, identifying as the type of person who takes care of their body and is in the habit of exercising regularly, can also influence eating better and using credit cards less. In business, safety can be a keystone habit that influences other habits that result in greater productivity.[22]

A recent study by Adriaanse et al. (2014) found that habits mediate the relationship between self-control and unhealthy snack consumption.[23] The results of the study empirically demonstrate that high self-control may influence the formation of habits and in turn affect behavior.
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Goals
The habit–goal interface or interaction is constrained by the particular manner in which habits are learned and represented in memory. Specifically, the associative learning underlying habits is characterized by the slow, incremental accrual of information over time in procedural memory.[9] Habits can either benefit or hurt the goals a person sets for themselves.

Goals guide habits by providing the initial outcome-oriented motivation for response repetition. In this sense, habits are often a trace of past goal pursuit.[9] Although, when a habit forces one action, but a conscious goal pushes for another action, an oppositional context occurs.[24] When the habit prevails over the conscious goal, a capture error has taken place.

Behavior prediction is also derived from goals. Behavior prediction acknowledges the likelihood that a habit will form, but in order to form that habit, a goal must have been initially present. The influence of goals on habits is what makes a habit different from other automatic processes in the mind.[25] https://www.gold-pattern.com/en
The following is a description of a classic goal devaluation experiment (from a Scientific American MIND guest blog post called Should Habits or Goals Direct Your Life? It Depends) which demonstrates the difference between goal-directed and habitual behavior:

pattern
efeas, Egypt
Posts: 0
2 years ago
Dec 16, 2022 15:03
Why I Go To Investment Conferences



I’m off to a conference this week for the International Federation of Technical Analysts (IFTA). Why am I going? What do I hope to get out it? When you go to investment gatherings, what are your expectations? I’ve garnered essential benefits from a wide variety of seminars and conferences, and those benefits serve as an informal “goals list” for this week’s IFTA event.

1. I’m less interested in the speakers’ prognostications and future outlooks, and more interested in their systematic methods of analysis. If they offer up one without the other, I am not shy in challenging them for specifics.
2. I have a rule that I don’t read investment books unless they come recommended to me by at least two people I respect. There are just too many bad and misleading how-to books out there. I’m a little like that with new resources as well, such as advanced tools or websites. These conferences are a wonderful venue for learning about such items.
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4. In listening to other experienced investors talk about their tools and systems, one can’t help but review one’s own methodology. This enforced reflection is facilitated by metaphorically kicking the tires of other investors’ approaches. Most of the time, it reinforces my own methodology and builds self-confidence in my own system, and confidence does matter.
A corollary to objective #1 above is to remind attendees that the guy sitting next to you may have valuable knowledge and experience to share with you as well. I’ve found that these peer-to-peer, belly-to-belly networking ?????? ?????? ?????????
5. opportunities can yield both friendships as well as keen insights. In other words, don’t miss the lunch and dinner events. It’s half the fun, and you never know who you’ll get seated next to!
6. Call it the enthusiasm kick-start. I find I’m simply recharged as a trader when I get home. Let’s face it, these things are usually at pretty nice locations, and taking a break from normal office routines is always good for whatever ails you, even if you think nothing is ailing you.
7. Sometimes, I’ll take with me a specific element of my methodology or an indicator that I’d like some help demystifying an area of confusion. I recall just such a case some 20 years ago pertaining to stochastics. Lo and behold, I had dinner with George Lane, the creator of the stochastics oscillator. His advice was spot on, and I’ve been reaping the benefits for the past two decades. But I did pay for dinner!
8. With any speaker, I first try to ascertain his or her motive for being there as a presenter. This offers both a credibility check as well as helps me to focus on specific content rather than being mesmerized by the sizzle or the sales pitch. Keep an open mind, but in the end remember there is seldom a free lunch.
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Finally, don’t get swept up into a totally new investment methodology or excited by a new system far outside of your comfort zone. Most investment conferences and seminars can offer something appropriate for every level of investor. You may have to actively dig for it, but that one trading gem which catapults you onto the next higher rung is there somewhere. Be patient. Be focused. But for gosh sake, be there. ?????? ?????