Foresight (psychology)
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Foresight (psychology)
Foresight is the ability to predict, or the action of predicting, what will happen or what is needed in the future. Studies suggest that much of human thought is directed towards potential future events. Because of this, the nature and evolution of foresight is an important topic in psychology. Thinking about the future is studied under the label prospection. Neuroscientific, developmental, and cognitive studies have identified many similarities to the human ability to recall past episodes. ''Science'' magazine selected evidence for such similarities as one of the top ten scientific breakthroughs of 2007. However, fundamental differences separate mentally travelling through time into the future (i.e., foresight) versus mentally travelling through time into the past (i.e., episodic memory). Uses Foresight has been classified as a behaviour (covert and/or overt) in management. Review, analysis Analysis (: analyses) is the process of breaking a complex topic or substa ...
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Human
Humans (''Homo sapiens'') or modern humans are the most common and widespread species of primate, and the last surviving species of the genus ''Homo''. They are Hominidae, great apes characterized by their Prehistory of nakedness and clothing#Evolution of hairlessness, hairlessness, bipedality, bipedalism, and high Human intelligence, intelligence. Humans have large Human brain, brains, enabling more advanced cognitive skills that facilitate successful adaptation to varied environments, development of sophisticated tools, and formation of complex social structures and civilizations. Humans are Sociality, highly social, with individual humans tending to belong to a Level of analysis, multi-layered network of distinct social groups — from families and peer groups to corporations and State (polity), political states. As such, social interactions between humans have established a wide variety of Value theory, values, norm (sociology), social norms, languages, and traditions (co ...
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Prediction Market
Prediction markets, also known as betting markets, information markets, decision markets, idea futures or event derivatives, are open markets that enable the prediction of specific outcomes using financial incentives. They are exchange-traded markets established for trading bets in the outcome of various events. The market prices can indicate what the crowd thinks the probability of the event is. A typical prediction market contract is set up to trade between 0 and 100%. The most common form of a prediction market is a binary option market, which will expire at the price of 0 or 100%. Prediction markets can be thought of as belonging to the more general concept of crowdsourcing which is specially designed to aggregate information on particular topics of interest. The main purposes of prediction markets are eliciting aggregating beliefs over an unknown future outcome. Traders with different beliefs trade on contracts whose payoffs are related to the unknown future outcome and the ...
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Vision (spirituality)
A vision is something seen in a dream, trance, or religious ecstasy, especially a supernatural appearance that usually conveys a revelation. Visions generally have more clarity than dreams, but traditionally fewer psychological connotations. Visions are known to emerge from spiritual traditions and could provide a lens into human nature and reality. Prophecy is often associated with visions. Categories Evelyn Underhill distinguishes and categorizes three types of visions: # Intellectual Visions – The Catholic dictionary defines these as supernatural knowledge in which the mind receives an extraordinary grasp of some revealed truth without the aid of sensible impressions, and mystics describe them as intuitions that leave a deep impression. # Imaginary – In Teresa of Ávila, Teresa of Avila's ''The Interior Castle'', an imaginary vision is defined as one where nothing is seen or heard by the senses of seeing or hearing, but where the same impression is received that would ...
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Retrocognition
Retrocognition (also known as postcognition or hindsight), from the Latin ''retro'' meaning "backward, behind" and ''cognition'' meaning "knowing," describes "knowledge of a past event which could not have been learned or inferred by normal means." The term was coined by Frederic W. H. Myers. Overview Scientific researchers into psychic phenomena have long considered retrocognition untestable. To verify an accurate retrocognitive experience, existing documents and human knowledge must be consulted, which raises the possibility that the information was already known contemporaneously. For instance, if you purport retrocognitive knowledge that "Winston Churchill killed a parrot", the only way of verifying that knowledge would be to consult extant sources of Churchill's activities. If it is found that he did, indeed, kill a parrot at one time; it could be said that you "simply" obtained contemporary knowledge of this fact (by clairvoyance or telepathy, if need be, of the relevant do ...
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Prospection
In psychology, prospection is the generation and evaluation of mental representations of possible futures. The term therefore captures a wide array of future-oriented psychological phenomena, including the prediction of future emotion (affective forecasting), the imagination of future scenarios (episodic foresight), and planning. Prospection is central to various aspects of human cognition and motivation. Daniel Gilbert (psychologist) and Timothy Wilson coined the term in 2007. It has since become a central area of enquiry in the cognitive sciences. Prospection and learning Even fundamental learning processes are, in some sense, forms of prospection. Associative learning enables individual animals to track local regularities in their environments and adapt their behaviour accordingly, in order to maximise their chances of positive outcomes and minimise risks. Animals that are capable of positive and negative states (for example pleasure and pain) can eventually learn about the ...
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Goal Setting
Goal setting involves the development of an action plan designed in order to motivate and guide a person or group toward a goal. Goals are more deliberate than desires and momentary intentions. Therefore, setting goals means that a person has committed thought, emotion, and behavior towards attaining the goal. In doing so, the goal setter has established a desired future state which differs from their current state thus creating a mismatch which in turn spurs future actions. Goal setting can be guided by goal-setting criteria (or rules) such as SMART criteria. Goal setting is a major component of personal development, personal-development and management literature. Studies by Edwin A. Locke and his colleagues, most notably, Gary Latham have shown that more specific and ambitious goals lead to more performance improvement than easy or general goals. Difficult goals should be set ideally at the 90th percentile of performance, assuming that motivation and not ability is limiting attai ...
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Goal Orientation
Goal orientation, or achievement orientation, is an "individual disposition towards developing or validating one's ability in achievement settings". In general, an individual can be said to be ''mastery'' or ''performance'' oriented, based on whether one's goal is to develop one's ability or to demonstrate one's ability, respectively. A ''mastery'' orientation is also sometimes referred to as a ''learning'' orientation. Goal orientation refers to how an individual interprets and reacts to tasks, resulting in different patterns of cognition, affect and behavior. Developed within a social-cognitive framework, the orientation goal theory proposes that students' motivation and achievement-related behaviors can be understood by considering the reasons or purposes they adopt while engaged in academic work. The focus is on how students think about themselves, their tasks, and their performance. Goal orientations have been shown to be associated with individuals' academic achievement, adj ...
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Futures Techniques
Futures techniques used in the multi-disciplinary field of futurology by futurists in Americas and Australasia, and futurology by futurologists in EU, include a diverse range of forecasting methods, including anticipatory thinking, backcasting, simulation, and visioning. Some of the anticipatory methods include, the delphi method, causal layered analysis, environmental scanning, morphological analysis, and scenario planning. Anticipatory thinking protocols Delphi method The Delphi method is a popular technique used in futurology. It was developed by Gordon and Helmer in 1953 at RAND. It can be defined as a method for structuring a group communication process, so that the process is effective in allowing a group of individuals, as a whole, to deal with a complex problem. It uses the iterative, independent questioning of a panel of experts to assess the timing, probability, significance and implications of factors, trends and events in the relation to the problem bein ...
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Future Self
In the psychology of self, the future self concerns the processes and consequences associated with thinking about oneself in the future. People think about their future selves similarly to how they think about other people. The extent to which people feel psychologically connected (e.g., similarity, closeness) to their future self influences how well they treat their future self. When people feel connected to their future self, they are more likely to save for retirement, make healthy decisions, and avoid ethical transgressions. Interventions that increase feelings of connectedness with future selves can improve future-oriented decision making across these domains. Philosophical foundations Psychological research on the future self often attributes its theoretical foundations to the philosopher Derek Parfit. Parfit argued that people might differ in the extent to which they feel similar and connected to themselves in the future. Under Parfit's conceptualization, people act ration ...
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Future Orientation
In psychology and related fields, future orientation is broadly defined as the extent to which an individual thinks about the future, anticipates future consequences, and plans ahead before acting. Across development, future orientation is particularly important during periods of major changes, for example during the transition from adolescence to adulthood, when youth must make choices about social groups, academic paths, as well as risky behaviors like drug and alcohol use, and sexual activity. Several models have been developed to describe the various factors that combine to impact future orientation. Perspectives on future orientation There are several different ways that future orientation has been observed and measured in research. The most prominent constructs include possible selves, optimism, time perspective, delay discounting. While different in definition, all of these constructs are thought to tap into and impact how people think and plan for the future. Despite the m ...
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Friedrich Hayek
Friedrich August von Hayek (8 May 1899 – 23 March 1992) was an Austrian-born British academic and philosopher. He is known for his contributions to political economy, political philosophy and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize. He was a major contributor to the Austrian school of economics. During his teenage years, Hayek fought in World War I. He later said this experience, coupled with his desire to help avoid the mistakes that led to the war, drew him into economics. He earned doctoral degrees in law in 1921 and political studies in 1923 from the University of Vienna. He subsequently lived and worked in Austria, Great Britain, the United Sta ...
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