Wait audiobook cover - The Useful Art of Procrastination

Wait

The Useful Art of Procrastination

Frank Partnoy

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Wait
The Power of Timing+
Sports & Preconscious Reactions+
Finance & High-Frequency Trading+
Subliminal Messaging+
Decision Making Under Pressure+
Overcoming Unconscious Bias+
Relationships & Dating+
The Psychology of Procrastination+
Mastering Strategic Delay+

Quiz — Test Your Understanding

Question 1 of 8
According to the book, what distinguishes the best tennis players from average players?
  • A. They possess a faster visual registration time than the average person.
  • B. They move as quickly as possible the exact moment their opponent serves.
  • C. They wait an extra split-second to gather visual information before reacting.
  • D. They consciously plan their defensive moves before the opponent hits the ball.
Question 2 of 8
What did the high-frequency trading firm UNX discover when they reduced their transaction times from 65 milliseconds to 30 milliseconds?
  • A. Their profits significantly increased due to the faster trading speed.
  • B. Their profits unexpectedly dropped because trading too fast exposed them to market volatility.
  • C. They were able to completely eliminate expensive mistakes during market crises.
  • D. They dominated 70 percent of all stock transactions in the United States.
Question 3 of 8
Based on recent studies mentioned in the text, how do effective subliminal messages function?
  • A. They must be displayed for at least five seconds to register in the conscious mind.
  • B. They only work if the subject is already consciously thinking about the product or idea.
  • C. They have been proven to have absolutely no long-term effect on human behavior.
  • D. They are displayed just long enough to have an effect, but too quickly to be consciously perceived.
Question 4 of 8
Why did US Navy Captain William Rogers make a fatal mistake in 1988, shooting down a civilian airliner?
  • A. He relied too heavily on conscious deliberation instead of his gut instincts.
  • B. The ship's controls failed, putting him in a novel situation where his expert gut instincts were no longer reliable.
  • C. He ignored the advice of his fellow fireground commanders.
  • D. He waited too long to make a decision, allowing the plane to get too close.
Question 5 of 8
How does the book suggest individuals can combat unintentional discrimination, such as the implicit bias found in some doctors?
  • A. By trusting their initial gut reactions and first impressions of people.
  • B. By making instantaneous judgments to bypass their conscious prejudices.
  • C. By taking more time before making up their minds, which allows them to modify their gut reactions.
  • D. By relying entirely on high-speed technology to evaluate patients.
Question 6 of 8
Why does Irene LaCota, president of the dating service It's Just Lunch, refuse to let people see photos of potential matches?
  • A. Because physical appearance has nothing to do with compatibility, and quick visual judgments are flawed.
  • B. Because photos often misrepresent a person's actual age and height.
  • C. Because online dating sites have patented the use of profile pictures.
  • D. Because seeing photos encourages people to schedule dinner dates instead of lunch dates.
Question 7 of 8
According to psychiatrist George Ainslie, why do people often procrastinate on unpleasant tasks like doing taxes?
  • A. Humans are naturally incapable of completing complex financial tasks without delay.
  • B. People tend to overrate short-term benefits and choose immediate happiness over future rewards.
  • C. Procrastination provides a long-term financial benefit that outweighs the short-term stress.
  • D. Delaying tasks increases our preconscious preparatory skills.
Question 8 of 8
How does investor Warren Buffett utilize delay to his advantage?
  • A. He ignores financial news until the absolute last minute to avoid market volatility.
  • B. He relies on high-frequency trading algorithms to make snap decisions for him.
  • C. He deliberately procrastinates on making investments to falsely discount the future effects of his actions.
  • D. He waits patiently for the right opportunity while diligently following business developments to stay prepared.

Wait — Full Chapter Overview

Wait Summary & Overview

Wait (2012) is the ultimate guide to balancing action with inaction and learning how to recognize the perfect moment when you need to make a move. These blinks explain how taking your time can have a profound influence on everything in your life, from playing tennis and buying stocks to even finding the love of your life.

Who Should Listen to Wait?

  • People who feel stressed and want to slow down
  • Overworked executives and company managers
  • Singles still looking for a special someone

About the Author: Frank Partnoy

Financial expert Frank Partnoy is a regular contributor to newspapers such as the Financial Times and The New York Times. He is the author of nonfiction books such as Infectious Greed, The Match King and F.I.A.S.C.O. Previously, Partnoy worked as a lawyer and an investment banker.

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