Two Last Big Creativity-Crippling Fallacies

hey there it’s David H Lawrence the 17th
I promise you these will be the last two
fallacies for now I actually I have one
more that I want to share with you but I
think it deserves its own video so I’ll
do that sometime in the near future
these last two fallacies we’ve had a bit
of a journey here this makes 11 that
we’ve talked about in the last few
videos and I wonder you know when you
leave a comment for me have these been
useful at all or if you find yourself
like noticing these things or are you
just sort of aware of them now or do
they not really matter to you I’d love
to know but let’s let’s find out about
these last two so the first one has to
do with how much we are invested in
stories in processes and so on and it’s
called the narrative fallacy and this is
the idea that we really tie ourselves
into stories that apply to or can’t come
from those people that we really admire
those heroes that we have in our lives
we want to be like them we aspire to be
like them even when those heroes turn
out to not be so heroic and you know
what there’s one thing we found in the
last 10 years or so since the the times
up movement the me2 movement the the
nature of media in the country revealing
the the negative peccadilloes of people
that we thought were heroic to us is
that if we cling to that story we may be
clinging to a story that a isn’t real
and B isn’t representative of what we
could possibly achieve it could be that
their resources were different or their
their opportunities were different
that’s a big one but if the end result
is bad for them we still kind of you
know push back on that and go yeah but
right it’s like this whole idea of how
do you separate the art from the person
you know we’ve we’ve seen
many many many artists over the last few
years be called out on their misogyny
and their cruelty and their racism and
their ageism their sexism but yet
they’ve created art and in some cases
you know they’ve been accused of sexual
predatory practices but yet they have
very popular art and so the narrative
fallacy is the idea that it’s okay I’m
just gonna take the good part and I’m
gonna deal with the good part and it
kind of negates and and ignores the idea
that we are all very complex humans and
some of what we experience is due to the
negative facets of our personalities our
relationships and so on so the narrative
fallacy is kind of a you know
rose-colored glasses kind of thing and
then the last one and this is a big one
it’s called the endowment fallacy and
this is the idea that we give more value
we give higher Worth to those things
that we have created that we own that we
are selling you know it can it can sort
of make it difficult for a product or
service to compete when they go yeah but
that’s the way we do it and it’s better
I don’t care what other people are doing
without looking what other people are
doing and thinking yourself huh well
maybe I could maybe I could do that with
mine or maybe I could compete and do it
better who knows we get attached to the
work that we create the products that we
create the services that we create and
we think about the actual price in terms
of what we value that to be as opposed
to what our marketplace values it as and
and often and we’re going to talk about
this in an upcoming video as well we
underpriced what we do because we don’t
realize just how valuable it is to our
our our market to our customers you know
what does it save them
in terms of cost in terms of effort and
so on so it can work both ways but
usually the endowment fallacy works in
the way that you’re over pricing things
because you give it too much value you
don’t look at the value that a you know
interested and you know encouraged third
party would look at it with not a
disinterested third party but you you
look at it only from the perspective of
I worked very hard on this I worked on
this for twenty five years and by god
I’m gonna get a thousand dollars out of
this when the marketplace wants to price
it at twenty dollars so that’s the
endowment fallacy so there you go there
there are two fallacies that will wrap
up this I’ve got lots more and I love
the comments that you guys have been
leaving on this because you’re even
calling me out on some of my basic
tenets like my my definition of success
do more of what works and less of what
does it well isn’t there a fallacy there
you know you’re you’re relying on what
has worked for you in the past and I
think part of that is very nuanced II
very nuanced II I don’t ever want to
rely on something that has worked just
because it’s worked in the past I want
to rely on things that are reproducible
that I know I can count on and if they
don’t work in the future I’ll notice
that when I follow you know do more of
what works and what unless of what
doesn’t and I’ll do it less often you
know if something no longer sparks joy
you know I’ll move on to something else
so and I appreciate that very much I
think was Ed vo that made that comment
at Waldorf so yeah there you go leave me
a comment let me know and I’ve got some
really cool things coming up in the next
few videos I am getting prepared to go
in for shoulder surgery I’m gonna get
arthroscopic surgery and finally gonna
take care of this shoulder so I’m gonna
try to get a heads that I don’t break
the streak I think I’ll be able to do it
so there you go leave me a comment if
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that’s what they do I’m David H Lawrence
217th thank you so much for watching and
I’ll talk to you tomorrow.