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Showing posts from April 11, 2021

Habit Formation

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  (4 mins Read) Based on collective feedback from the previous article , I have decided to focus on anecdotes within this article on how I built some habits into my life. Let's start by defining a very interesting concept called the utility function. The Utility Function In Economics, the utility function represents the satisfaction that consumers receive for choosing and consuming a product or service. D uring my B-school days, just like many of my batch-mates, I decided to define my own personal utility function. Hence, I want you to think of the utility function as something that you wish to define your own life with. It consists of variables one may wish to maximize/minimize in life. For example - one may wish to maximize their happiness and wealth while minimizing stress. Your own utility function may contain more than just one variable. Mine would read something like this: My aim in life is to maximize these. With this in mind, I have defined the habits that I need to get