Why Do People (Usually) Learn Less as They Get Older?

This is a worrying trend. Learning is an integral part of the good life, so if forces make it harder (or less desirable) to learn, it seems like it would be helpful to understand them. 

Let’s consider three theories, and see what they suggest we can do about defying the trend.

Theory #1: Opportunity Costs and Investment Horizons

The first explanation is economic: learning is an investment. As you invest in some skills, but not others, you get a greater return from activities where you have considerable training. Thus, your opportunity cost for learning new things increases. Therefore, a failure to learn new things is perfectly rational, even if it can result in inflexibility as we get older.

One way this manifests is the time horizon you have to recoup an investment. A twenty-year-old presumably has forty years for a career to earn back an arduous training period. A fifty-year-old only has ten. Therefore, younger people should be able to make longer, riskier investments than those who need them to pay off quickly.

Another way this can occur is if investment in one skill makes time spent on new skills comparatively less attractive. If I have zero knowledge of programming and accounting but equal potential ability, then the two are roughly the same for me. In contrast, if I have a decade of programming experience, then an hour spent programming will be much more valuable than an hour spent learning accounting. The economy incentivizes specialization, even if we’d prefer to be more well-rounded.

Theory #2: We’re Too Busy

Another explanation for dwindling curiosity is that life gets busier as you get older. I feel this acutely today. When I compare my schedule now, with a toddler at home and a business that employs multiple people, I feel far more time-constrained than when I was in my twenties.

Learning new things takes time. While efficiency can help, the time cost for even well-designed learning may be prohibitive for busy professionals with kids.

Energy may matter even more than time. If you work full-time at a mentally-demanding job and have responsibilities at home, you may not have the energy needed to invest in a cognitively-demanding project. Binge-watching Netflix may not be where you’d ideally like to spend your time, but it makes sense if you feel chronically exhausted.

This also helps explain why there can be a sudden urge to learn after retirement. With kids gone and work stopping, people finally have the time to engage in learning projects they were sidelining during their career.

Theory #3: Older Minds Can’t Learn as Well

The most popular explanation I hear for declining education is that when you’re older, your brain simply can’t absorb new information as quickly.

There is a grain of truth to this. Fluid intelligence peaks in your early twenties and declines afterward. However, the decline is gradual and minimal. The research I’ve seen seems to indicate that it’s only a serious problem in advanced age. Even then, there is high variance, with some people becoming senile and others experiencing few issues.

That said, age is often an advantage to learning. Older people are usually more responsible and organized, which assists in sticking to a project. Also, accumulated knowledge can make learning easier. Your past experience can be a huge benefit when delving deeper into subjects you’ve previously studied or related fields.

Overall, I’m less convinced that age per se is a significant factor, even though it is oft-cited.

How Can We Sustain Learning Lifelong?

Given the possible theories, I think there are a few things we can do to continue learning:

  • Reduce the effort for learning. Always carry a book with you. Set up your environment so learning projects can start and stop on demand. Pick projects that overlap with career, social or parenting goals so you can justify the time investment.
  • Set aside time for experiments. Straightforward calculus suggests that doing what you’re already good at has the best payoff. But you won’t encounter nearly as many opportunities if you never learn anything new. Setting aside time for hobbies you’re bad at, books you know nothing about or skills you’ve never practiced may seem wasteful, but it’s a good practice to avoid getting stuck in a rut.
  • Shift your focus away from skills that involve quick wits to those that rely on accumulated knowledge. The decline in fluid intelligence is overrated as an explainer for learning difficulties. And also, there’s a reason why groundbreaking mathematicians skew younger than historians. Shifting to knowledge-intensive subjects seems like an overall sound strategy.

Source: Why Do People (Usually) Learn Less as They Get Older? – Scott H Young

.

Related contents:

PPsychology: The Science of Mind and Behaviour Archived 2022-12-31 at the Wayback Machine 6E, Hachette UK, ISBN 978-1-4441-6436-7.OECD (2007).

Understanding the Brain: The Birth of a Learning Science. OECD Publishing. p. 165. ISBN 978-92-64-02913-2.

Jungle Gyms: The Evolution of Animal Play Archived 2007-10-11 at the Wayback Machine

“What behavior can we expect of octopuses?”. http://www.thecephalopodpage.org. The Cephalopod Page. Archived from the original on 5 October 2017. Retrieved 4 May 2018.Campbell, Cary; Olteanu, Alin; Kull, Kalevi 2019.

Learning and knowing as semiosis: Extending the conceptual apparatus of semiotics Archived 2022-04-09 at the Wayback Machine. Sign Systems Studies 47(3/4): 352–381.Gagliano, M.; et al. (2014). “Experience teaches plants to learn faster and forget slower in environments where it matters”. Oecologia. 175 (1): 63–72. Wood, D.C. (1988).

“Habituation in Stentor produced by mechanoreceptor channel modification”. Journal of Neuroscience. 8 (7): 2254–8. doi:10.1523/JNEUROSCI.08-07-02254.1988. PMC 6569508. PMID 3249223.

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Time: Understand How You Use It, Create More of It, Maximize It, and Sustain It

Graphic: Viktoria Kurpas (Shutterstock)

The writer Annie Dillard says, “How we spend our days is, of course, how we spend our lives.” Yet, we let our weeks happen to us instead of proactively designing our time. We don’t block off our calendars to do heads-down, focused work. We participate in meetings without clear agendas or purposes.

We work without a plan. We let the constant barrage of notifications distract us. We convince ourselves that our busy work is our most important work, even when we know better. The fundamental building block of a workweek is how each individual spends their time. But surprisingly, little attention is dedicated to how we design our hours and workweeks.

For example, when do you do your best work? How many meetings should you schedule on your calendar? Do you allow notifications and respond immediately, or do you turn notifications off to work uninterrupted?

Here are four steps to design your week

Conduct a self-audit to understand your time

Put everything you do on your calendar for two weeks, from meetings and time blocks for emails to special projects and preparing for upcoming meetings; then conduct a time audit by reflecting on the data.

  • What do you notice about how you spent your time?
  • What percentage of your time is dedicated to each project? To meetings?
  • What days of the week are you most focused?
  • What time of day are you most energized?

Use the insights from your audit to take the following steps:

  1. Identify small changes: Making small improvements can add up to big differences. What are the simplest, easiest steps you can take to proactively design your workweek? For me, it was blocking off my calendar to do heads-down deep work time 3-4 times per week and turning off notifications.
  2. Identify significant changes: Making big structural changes to your week can also lead to more time for the most important work. When I completed my self-audit, I realized that there were weekly standing meetings that could either get canceled or that I didn’t need to attend.

Reduce the cost of distractions to create time

The Australian software company Atlassian conducted research into distractions, and the results are staggering:

  • 36: The number of times we check email per hour
  • 16 minutes: Time it takes to refocus after an incoming email
  • 10: How many IQ points you lose when fielding constant emails (the same as losing an entire night’s sleep)
  • 56: The number of times we’re interrupted per day
  • 3 minutes: Spent working before switching between tasks
  • 2 hours: Spent recovering from distractions every day

Here are a few steps to reduce the time lost to distractions:

  1. Email: Turn off email notifications and set aside 2-3 blocks of time to check and respond to emails throughout the day. Then, ignore email for the rest of the day, knowing that you have time allocated to get to it.
  2. Notifications: Turn off all notifications (email, internal team notifications) for certain “deep work zones” scheduled throughout the week. I blocked off two deep work zones each week where I could work uninterrupted.
  3. Create goal-based calendar blocks: I often create 30 or 60-minute calendar blocks where I challenge myself to complete a specific task or reach a particular goal. Like the pomodoro technique, using time constraints to reach a predetermined goal can increase your focus and empower you to tune out distractions.

Finally, consider what you gain when you reduce distractions (time with your children, ability to go to the gym after work, work-free weekends, etc.).

Create boundaries to maximize your time

Boundaries are a crucial step in reducing distractions, burnout, and work stress. With 79% of employees reporting work-related stress in 2021, we need to take personal ownership and reclaim our time.

Boundaries can be hard to create, but consider using the results from your self-audit to help you determine what boundaries will be most valuable. For example, is it protecting your time? Limiting new, additional tasks? Blocking certain times of day for important work while you’re at your best? Avoiding company events that aren’t required?

When communicating your boundaries with others, focus on the benefit they create for the task at hand.

When your availability is limited:

“I prioritize time with my family on X day or after Y time, but I’m fully available [list commonly available times]. How can we leverage that availability to reach our deadline?”

When the project isn’t in line with your priorities:

“I am working on several projects right now and want to ensure I’m effective. Given that our quarterly goals are [insert goals/metrics/objectives], it seems like Y project and Z project are less essential and timely than x project. Is this right? How do you propose I best prioritize?

Test, Optimize, and Repeat to sustain your time

Start with designing just one workday. How might you proactively structure a workday that has a high chance of being focused, productive, and healthy? Make 2-3 small changes across notifications, deep-work time, emails, and boundary-setting. Then at the end of the day, review what you learned. What worked? What didn’t? Then try again for another day. Double down on 1-2 practices you already implemented and select 1-2 more to test.

If you find it harder to make changes daily, consider looking at a whole week and focusing on identifying 2-3 small changes you can make weekly. Then at the end of the week, reflect on what worked and what didn’t, and try again for the following week.

It can often feel like our calendar is predetermined for us; we just need to respond and make the best of it, striving to fit everything in. But we have more power than we sometimes give ourselves credit for. One of the best ways to find more time in our schedule is to recognize the agency within us and begin by taking a few small steps.

By: Banks Benitez

Source: Time: understand how you use it, create more of it, maximize it, and sustain it

.

Related contents:

Bill Belichick stressing time management with difficult road ahead USA Today

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Wall Street Still Loves Big Tech Stocks: Analysts See Further Upside Ahead Of Crucial Earnings Week

Despite a brutal selloff so far this year in the tech sector, Wall Street analysts remain cautiously optimistic about Big Tech stocks ahead of upcoming second-quarter earnings this week, with the majority of experts predicting that companies like Apple, Microsoft and Alphabet can continue to post strong profits in the long run.

Though tech stocks have been hard-hit this year (with the Nasdaq down 25%) amid surging inflation, rising interest rates and ongoing recession fears, a majority of Wall Street analysts still maintain buy ratings on Apple, Alphabet, Meta, Microsoft and Amazon ahead of key earnings results this week.

Three firms reiterated buy ratings on several big names Monday: Deutsche Bank predicted solid results from Apple, Bank of America expects Facebook parent Meta to see ad revenue take a smaller hit than expected and Oppenheimer predicts “robust” growth in Amazon’s AWS cloud services business.

Analysts note that while the tech sector is already slowing down, hiring across the board amid the more challenging economic environment, after a big selloff earlier this year, valuations are now looking much more attractive.

Netflix and Tesla saw their stocks rally last week after “better than feared” results, while Snap delivered “another train wreck quarter that highlights a digital ad slowdown, Apple iOS privacy headwinds and TikTok competition further heating up,” according to Wedbush analyst Dan Ives.

While there’s been some “good and bad news” in the tech sector, “there are some encouraging signs” and investors can now buy shares in some of the biggest companies at a more attractive entry point, says Lindsey Bell, chief markets and money strategist for Ally.

Among the more than 250 combined analysts covering the five Big Tech companies reporting earnings this week—Apple, Alphabet, Meta, Microsoft and Amazon—fewer than five have sell ratings—a sign of just how bullish Wall Street is on some of America’s most valuable tech companies.

Alphabet and Microsoft kick off Big Tech earnings on Tuesday. Meta reports Wednesday, Apple and Amazon on Thursday. “Investors should be selective when picking stocks within the tech sector,” says David Trainer, CEO of New Constructs. “The strongest types of stocks are the ones where cash flows are strong and valuations underestimate the company’s ability to generate cash flows in the future.”

He especially likes Google parent Alphabet, which is trading at a “much cheaper” valuation than its peers and should continue to outperform, thanks to its ability to keep innovating. Trainer is “not as confident” about Facebook parent Meta, however, questioning the company’s “ability to sustain profits,” especially as it struggles to retain users amid increased competition from the likes of TikTok. His firm also remains bullish and “big fans” of Apple, though the stock is still somewhat expensive, he adds.

All of the Big Tech stocks have seen big losses so far this year, though they have recovered somewhat in recent months. Meta has suffered the greatest losses, with its market value falling by roughly half as Facebook’s ad business continues to struggle. Amazon and Alphabet are both down roughly 25%, Microsoft more than 20% and Apple 15%.

I am a senior reporter at Forbes covering markets and business news. Previously, I worked on the wealth team at Forbes covering billionaires and their wealth.

Source: Wall Street Still Loves Big Tech Stocks: Analysts See Further Upside Ahead Of Crucial Earnings Week

Critics by

In a single two-and-a-half-hour stretch on Jan. 25, Microsoft Corp. stock erased $156 billion of its shareholders’ money, then rebounded, recovering all of its losses and adding $74 billion. In one sense this was just another lurch in the markets’ wild ride in 2022, as investors adjust to recovering economies and the prospect of rising interest rates. But it also points to a new environment in which the most valuable U.S. tech companies are going to have to work harder to justify their trillion-dollar or near-trillion-dollar valuations.

The Big Tech companies are still doing well. The day after Microsoft’s earnings, Apple reported a quarterly performance that wildly exceeded expectations. On Feb. 1, Alphabet also beat analysts’ projections. Share prices for both companies spiked—but remain below their peaks. The way Microsoft’s white-knuckle afternoon played out is particularly illustrative of the shifting environment: At 4 p.m. New York time, it released quarterly financial results.

They exceeded analysts’ expectations, except for one crucial number: Growth slowed slightly at its lucrative Azure cloud computing business. Investors panicked, sending shares down as much as 6.8% in aftermarket trading. Shortly after 6 p.m., Chief Financial Officer Amy Hood told analysts that cloud computing growth would accelerate again in the next fiscal quarter. The stock jumped, erasing the earlier losses.

Short-term stock gyrations have limited predictive power. But the activity around Microsoft’s earnings highlighted how negatively investors are now inclined to react to slowing growth at key units, even if revenue and earnings beat expectations.

A standard way to look at how excited investors are about a particular company is to compare its share price with its expected earnings. In January 2017 the stocks of the five most valuable tech companies—Apple, Amazon, Facebook, Google, and Microsoft—traded in line with the S&P 500 as a whole, at 19 times their predicted earnings. By September 2020 that multiple for the Big Tech companies was 42, while the market as a whole traded at a 27 multiple.

Investors were rewarded. Apple shareholders enjoyed an average 43% annual return over the past five years if they reinvested all their dividends back into the stock. Microsoft, Amazon, and Google generated average returns of 38%, 28%, and 26%, respectively. Even Facebook’s relatively modest 18% outperformed the S&P 500’s average of 16%.

The lockdowns helped widen the gap between tech and everyone else, according to Kasper Elmgreen, the head of equities at Amundi SA. “The economy gets turned off, so we had an historic economic contraction that hit [vehicular] traffic, leisure, industrials, construction, financial services, and so forth hardest,” he says.

That could be changing. The Covid-19 omicron wave is receding in many places, and businesses that suffered during the pandemic could benefit more than tech companies from a renewed recovery. This could send investors looking to increase their stakes in companies they’ve spurned for the past two years while they focused on the tech giants.

“The whole case for investing in these companies and inflating their premiums was the fact that growth was scarce and they had the strongest growth prospects in the S&P 500,” says Gina Martin Adams, the chief equity strategist for Bloomberg Intelligence in New York. “As economic conditions improve, that premium will naturally deflate.”

Related contents:

Netflix Stock Surges After Earnings—But Analysts Divided About Whether Growth Can Recover

New China Covid-19 Lockdowns Would Threaten U.S. Economic Recovery (Just Ask Tesla)

Tesla Shares Rally Despite Slowdown In Profits, Impact From China Shutdown

Dow Jumps 700 Points, Analysts ‘Cautiously Optimistic’ After More Solid EarningsNZ sharemarket falls another 0.2%, underperforms Wall Street Stuff.co.nz

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