MEGASTACK.IO

  

FinTech in Calgary, would you like to be part of the next Wealthsimple in Canada?

  

Muskoka Bay Resort Pre-construction Condo

  

The Intersection of Retail and Media

  

High Park Brewery ("HPB")

  

Evotrux - Connecting Shippers to Carriers

  

Asset Backed Financing for Generators - Convertible Option

  

Compostable Oral Care – zero-waste, gorgeous, made in Canada

  

Artificial Intelligence ( AI) SAAS solution

  

Long Life Living, Age In Place Condo Project - Looking for Funding Partner

  

The Charity Report - a media opportunity in a vastly underreported sector

  

Financial Technology Firm with Exceptional Upside!

  

Food Security: The Next Generation of Sustainable Aquaculture

  

Real estate investing

  

Patent Pending Virtual Immersion Phone (VIP)

  

Breathe Activewear

  

SemFios Cordless Lighting

  

Agriculture & Food Security

  

Canadian Real Estate

  

6 unit Residential building

  

Certified Organic / Kosher / Prime +

  

The Future of Food

  

Severance Day – Film Project

  

Mine Shaft Brewing Park City, UT

  

Ultimate sports platform for athletes

  

Dark Comedy Feature Film "Ice Cream Man" to Launch Production Company

  

Pc and Virtual Reality Competition Gaming Center by E-sport Enthusiasts. Urgent Call!

  

Auto Financing

  

Real Estate

  

Solid Investment in TownHomes - Edmonton

  

Value-Play Real Estate Opportunity

  

Nise Tech - Cooking Automation - Seed Round ($1500k) - Scaling Sales, Marketing, and Working Capital

  

Heavy Equipment Rentals

  

US NC River Waterfront Hospitality, Marina Dock Condo, Floating Boatel

  

Trading Oil Products -with Eliminated Risk-20% ROI in 60 days

  

Construction Academy

  

The future of LED street lighting

  

New Aquatic Sports Parks opening summer 2018

  

Hotel Purchase Financing

  

Franchised Legal Cannabis Retailer

  

 

Canadian Investment Network


Recent Blogs


Pitching Help Desk


Testimonials

"For those of you that are asking yourself whether this site is real, the answer is yes. My first thought was that I would put my proposal on the site and it would be sent for review, and at this point someone from within the Dealflow Investment Network office would contact me as an investor so I would be more likely to pay the $249 fee. I received 8 responses from investors overnight and 2 more since then. Thanks Dealflow Investment Network."
David Kriedeman - Chris Christopherson Inc

 BLOG >> Recent

Magical and Functional Thinking [Psychology
Posted on May 17, 2018 @ 10:57:00 AM by Paul Meagher

There are many types of thinking but for the purposes of this blog I propose to divide the universe of thinking into two types: Magical and Functional.

Magical thinking occurs when we don't understand the functional nature of something. Functional thinking occurs when we are attempting to understand how something functions or have figured out how something functions and can apply that knowledge to solving problems.

The world is very complex and our understanding of many aspects of it are at a magical level. How does your car work? How does the forest work? How does your home plumbing work? How does your home electrical system work? How does your computer work? You may think you know the answers to these questions but as soon as you are confronted with the problem of fixing or evolving these systems, some magical thinking is often revealed.

On my walk today I wondered how much of our thinking about starting a business is magical version functional. Some entrepreneurs believe that passion, hard work, and faith are key. This seems pretty magical to me but I don't know that I can criticize it too much in terms of results. Many of our ancestors had this ethos.

There is a bit of magical thinking involved in starting most businesses. The most critical piece of magical thinking are the leap of faith assumptions that define what the startup believes to be true, but without much actual supporting evidence in the early stages of the business. A major goal in lean startup theory is to test these leap of faith assumptions so they become a functional theory of the firm. Some magical thinking is at the core of starting a new business but it generally gets converted to functional thinking as the leaps of faith are tested and refined in the marketplace.

The term magical thinking is often used as as a put down in debates. A recent example is The Magical Thinking of Ecomodernism. The solution to alot of the problems of modernity may not be solved simply through a clear functional understanding of how things work, it may also require some magical thinking involving passion, hard work, and faith that local solutions can be found.

Permalink 

 Archive 
 

Categories


 Agriculture [67]
 Bayesian Inference [14]
 Books [14]
 Business Models [24]
 Causal Inference [2]
 Creativity [7]
 Decision Making [15]
 Decision Trees [8]
 Design [34]
 Eco-Green [3]
 Economics [11]
 Education [10]
 Energy [1]
 Entrepreneurship [51]
 Events [2]
 Farming [19]
 Finance [24]
 Future [14]
 Growth [15]
 Investing [23]
 Lean Startup [9]
 Leisure [5]
 Lens Model [9]
 Making [1]
 Management [9]
 Motivation [3]
 Nature [21]
 Patents & Trademarks [1]
 Permaculture [34]
 Psychology [1]
 Real Estate [2]
 Robots [1]
 Selling [11]
 Site News [12]
 Startups [12]
 Statistics [3]
 Systems Thinking [2]
 Trends [5]
 Useful Links [3]
 Valuation [1]
 Venture Capital [5]
 Video [2]
 Writing [2]