Life Is A Game Of Economics

A couple of days ago, over Spanish lattes, I waxed philosophical with a close friend. Both of us are Biomedical Engineers, and the only reason we became friends is because we arrived early to class one day, realized we never really… talked to each other, and then when it came up how we were both Business Administration minors, we figured, yeah, we should be friends.

The start sounds pretty superficial, yet our current conversations are anything but. A recurring theme from these caffeinated chats is how life is a game of economics. Let me repeat that. In bold.

Life is a game of economics.

Out there is a definition: Economics is the study of scarcity and choice.

Out there is a TED Talk: Bjorn Lomborg: Global priorities bigger than climate change – go watch it. This is one of my favorite TED Talks, shifting the discussion from global problems to global solutions, and then discussing how to use a limited resource, money (scarcity), to fully implement specific global solutions (choice). Here’s a hint for the rest of this post: take a shot every time he mentions prioritization.

Let’s think about scarcity as applied to what you put into life, and what you get out of it. ‘Scarcity Thinking’ assumes there is not enough in the world for everybody; it is fear-based.

Look at that guy over there. He’s so rich and cool and happy. He has it all. Why can’t I have it all? He sucks.

Scarcity Thinking is oh so negative, and is the opposite of what is espoused in ‘The Secret’ by Rhonda Byrne, which is ‘Abundance Thinking’. This reframes how we give value to reality via a mindset where there is enough in the world for everybody, including you; it is love-based.

Look at that guy over there. He’s so rich and cool and happy. He has it all. I might not think I have it all right now, but I will. He’s alright. (And so am I.)

These are two ways to think about what you get out of life, where the idea of there not being enough is a depressing thing. When applied to what you put into life, ScrumOfOne contends that indeed there is not enough, where this is both a realistic and empowering outlook. (Empowering? Yes. Stay with me.)

One more opposing juxtaposition: Scarcity Thinking for consequences of your life actions is fraught with limiting beliefs (heck, by definition). Yet when applied to the life actions themselves, it’s these same limiting beliefs that reflect the reality of what you can give at any one time; you only have so much time / focus / attention / energy / chi / cash / other resources.

Let’s put it all together. When thinking about your future (life outputs), think big: Abundance Thinking. When thinking about now and what’s next (life inputs), think small: Scarcity Thinking.

Let’s now think about choice regarding how to use the above list of what you have, which we’ll call funds: using the fund of cash, using the fund of focus, etc. (I’m phrasing this in an abstract manner to show they can all be thought of and treated the same way.) When you choose to use the money fund for a pair of shoes, you are also choosing to not use this same money fund for a fedora. When you choose to use the time fund for a few episodes of your favorite show on Netflix, you are also choosing to not use this same time fund for the latest movie in the theaters. Thus, the allotment of any of these elemental funds comes at a cost, which economists call an opportunity cost.

Every damn decision, every damn day, has a damn opportunity cost.

Let’s rephrase. Life is the result of not just what you choose to do, but what you chose to do in the context of what you chose not to do.

If you had an unlimited supply of time and money right now, an abundance of each elemental fund right now, you could end up doing all things. I’m not talking about how much of these elemental funds you could have in the future (nudge nudge, we’re practicing Abundance Thinking for that, remember?). I’m talking about right now. If you choose to buy a pair of shoes instead of a fedora, you are choosing a pair of shoes over a fedora. You might want to get both some day, but right now, you are choosing one first, over the other. Acting on your preference is acting out your prioritization.

That, ladies and gentlemen (girls and boys, children of all ages, and all the ships at sea), is the point of this post:

Life is a game of economics, a game of being comfortable with scarcity to make choices via prioritization.

How is this empowering? (Thank you for staying with me.) Once you realize you can’t do everything right now, this takes the pressure off; you can only ever do the next thing. That is what is under your full control: the now. Yes, complete small steps with the purpose of completing a larger step, enjoying the smaller completed accomplishments along the way, but realize the focus is on now and next. Embrace the scarcity of your funds right now, and make choices for now and next, using prioritization.

This makes me giddy because this life-level prioritization is a key component of ScrumOfOne, and it’s really been empowering me to find all this fun in the game of economics life.

Especially over Spanish lattes.

Blogging Break

Hello, Internet. Are you celebrating the Extended Winter Solstice season? You bet your sweet tushie I am, too. So are the Mayans. So are the zombies. So are any number of over-sized monstrosities waiting to wreak havoc on your favorite over-sized metropolis. Enjoy the show. It’s a celebration. (And if you’re waiting for Jesus, don’t hold your breath – that’s happening in 2443, as per Futurama.)

I’m going on a sprint-long (or so) hiatus to finish up deciding on Christmas presents, purchase Christmas presents, wrap Christmas presents, give Christmas presents, receive Christmas presents, unwrap Christmas presents, whinny like a pretty pony with glee grunt like a caveman with cool indifference. This will take a little over a fortnight (or so).

As I look back on this sweet ScrumOfOne blog o’ mine, I grunt with glee (like a cavepony?) at how this writing endeavour has fulfilled one of its requirements, which was to document the evolution of my approach to and focus of ScrumOfOne. Starting over half a year ago, I pushed to publish a post twice a week (or so), where I over time shifted away from the ScrumMaster side of software personal development, to spending time talking about what is the Product Owner arena: setting the vision, prioritizing stories, and balancing a ‘forward’ motion with the flow of life, taking on more Taoist concepts as of late, and most recently reflecting on lectures by life coach Martha Beck.

From here, I have a couple of concepts I can’t quite comfortably reconcile, although MB’s work seems to have given me… an answer? The two thoughts:

  • There is an approach that feels very Western. Scrum talks about taking a vision for your product, or in my spin, your self, and implementing pieces of ‘potentially shipable’ functionality (new things that you are / have / can do) in a prioritized fashion. All this while embracing change (you don’t exist in a vacuum, life happens around you can’t help but interact with it) as well as practices that promote transparency, inspection, and adaptation. I am a Certified ScrumMaster and thus have a decent understanding of this philosophy.
  • There is an approach that feels very Eastern. Taoism talks about the essence of things, how we’re all one, and a bunch of concepts that sound quite deep. Applying some of these to personal development translate to getting out of your own way to discover your essence, and then do that, which will end up being without effort. This is doing without doing, action without action, or wei wu wei.

I am convinced that all the advice we hear about how to live a better, more fulfilling, more ‘successful’, higher functioning life are all facets of the same gem. This is what I’m trying to understand. And then apply. And then share.

I want to live it, to then give it.

There are 20 draft blog posts waiting to be fleshed out, and I can’t wait to dive in. After, of course, a break that will surely be relaxing (or so).

Day In Your Ideal Life

Ah, your ideal life. I hear this and what comes to mind is being white in suburbia in the 1950’s. Skinny black tie and possibly a pocket protector. Everybody is blond and blue-eyed, part of a four-person nuclear family with a dog, has barbecues with the neighbours, waves to the paperboy, and lives in a grainy black and white world. There’s a little Timmy thrown in there somewhere, too.

Ah, your ideal life. Your ideal life. The above was when things were run by rodents, and if that IS your ideal life then… mazel tov. Go get ’em, chinchilla tiger. Since it most likely isn’t, then I’d like to ask you to think about this concept. I’d like to ask you, but I won’t.

Now I will.

Think about your ideal life. From the time you wake up (what do you hear? who is next to you? what do you smell? what is outside your window? how large is the jail cell?), to the time you go to bed, step yourself through an ideal day. What are you wearing? What are you NOT wearing? What animals do you talk to? What people do you pet? Which cut of rare meat do you shove down your pie hole? How early in the morning do you get drunk? How many Twilight fan fiction stories are you co-authoring.

What are we after? Details! (When do we want them? Now!) If there is an event or period of day that you can identify in this day in your ideal life, describe every sense – you’ll be surprised what you can perceive; when I played chess as a youth, there was always this distinct smell.

From here, well, now you have a vision of yourself. Not just a painted picture you can frame, but an awesome and exciting virtual reality of your own creation. And now, well, go get ’em, gopher tiger. Sounds easy, yes no?

I’m getting this from watching more material by life coach Martha Beck. I’ve noticed she likes scarves and marmosets. More interestingly, I’ve noticed how well her models and specific actions for taking someone from good to great (this is the job of a life coach, versus the job of a therapist, who takes someone from broken to good) addresses well-researched western and eastern philosophies, including newer-fangled things like ‘The Secret‘ with a proviso. She is refreshing to watch, partially because she doesn’t take herself too seriously.

Where it takes me is to reassuring myself in the direction I’ve taken ScrumOfOne, at least for myself, where the focus is on determining the WHAT, the Product Owner stuff, before working on the HOW, the ScrumMaster stuff. This echoes how Scrum is done (by Sprint 1, anyhow). More on this shift in focus in a later post.

Bag It, Barter It, Better It

The blog title brought a strange sense of levity to me, like a cool, lavender breeze combing away how some things on my to-do list are such a freakin’ drag – ugghghhgghgh! (Yes, that spelling is accurate.)

I got this from life coach Martha Beck (she is damn fun to watch, FYI), and Oprah.com‘s covered it, so that right there is validation for this being a pill of goodness for your wretched little wonderfully fulfilling life.

What you do is take a thing on your to-do list, something you don’t like all too much, preferably something that, when you look at it, makes you sneer with the disgust that matches the subsequent churning in the gut of your gut, producing a little cloud of taupe emotions. You get the picture.

Look this item on your to-do list dead in the eyes. Then tell yourself:

I don’t have to do this. I choose to do this.

Whoa! What’s that? Choice? Yes Virginia, there is a Santa Claus choice. Unless, of course, that item on your to-do list is something like “remove the plastic bag wrapped around my head”, at which point you have larger issues, and, yes, you have to do this, for your physiological survival to get more things done from your to-do list. From here, decide to bag it, barter it, or better it.

Bagging it means totally scrapping it. To heck with it. Proclaim it unnecessary and heave a sigh of relief as you cross it off that list (some of us get a huge kick out of that simple act of crossing stuff out). This might not always be the best option, but isn’t it nice to contemplate it? What would happen if you don’t do this thing, realistically? Can you handle this? I bet you can. If you can’t, then there’s always…

Bartering it means, well, trading in some way. Can you pay somebody else to do it? Can you get somebody else to do it, and in exchange, you’ll make them an ice cream sundae? With sprinkles and everything? This is an option – you don’t have to do it yourself. Of course, maybe you do, in which case…

Bettering it means – ok, all these words are pretty self-extra-planetaryexplanatory. What can you do beforehand, afterwards, and/or during the completion of the to-do item that’ll just make the whole experience more palatable? Can you eat an ice cream sundae beforehand, snack on Long Island Iced Tea during, then do a victory lap with root beer floats?

You have things on that to-do list. How you do them is up to you. Remember, Virginia, you have choices.

Let’s Discuss Your Tombstone

Don’t think of it as morbid, but rather, an opportunity for everlasting graffiti! If you don’t want a tombstone, then for purgatory’s sake, please just play along.

In this scenario, we have words, literally etched in stone, associated with the remains of your body. Hence, much like pondering your legacy, let’s consider the few words associated with you. For a while, I wanted:

What does not kill you,
Only makes you stronger,
But what does kill you,
Only makes you dead.

The range of reactions to this spans from laughter to corn fusion confusion to head-tilted grimaces of condescension from an over-exerted yet lame attempt at wit. That last reaction is complex, but I pick up on all of it.

Lately, I’ve liked the following, from ‘Express Yourself‘ by Charles Wright and The Watts 103rd Street Rhythm Band:

It’s not what you look like,
When you’re doin’ what you’re doin’,
It’s what you’re doin’, when you’re doin’,
What you look like you’re doin’.
Express yourself.

Funky, right? Just like the song. It was the first tune I starred when I started Spotify. I happen to really like this message; I feel power in it.

So, what are you doin’? And would you want it on your tombstone?