Training Session2023-10-07

The Game NOT To Play If You Want To Win At Life

Eben Pagan reveals the critical difference between playing 'not to lose' versus playing 'to win' in business and life. He explains how scarcity mindset keeps most people stuck avoiding risks, while elite achievers focus on winning their own game rather than beating others.

high-paying clientsprospect theoryrisk-averse thinking

Teachings 2

  • Most people play 'not to lose' rather than playing to win, which keeps them stuck in scarcity and risk-averse behavior

    Eben references Kahneman's prospect theory showing people are twice as motivated to avoid losing as they are to gain, causing them to focus on 'doing everything right, not screwing up, not being noticed'

  • Winning means achieving your desired outcome in your chosen domain, not competing against others

    Eben uses his personal example of 'winning the health game' where he has lots of energy, exercises regularly, and feels better about his body and health than he has in a long time—without competing against anyone

Perspectives 1

  • Elite clients don't play to beat others—they play to win their own game and get the results they want

    Eben distinguishes that while some interpret winning as 'beating everyone else,' most elite clients define winning as 'getting the result they want' in their specific game

Quotable Moments 3

  • everyone is very risk averse and very like in the tersan conoman prospect theory twice as motivated to avoid losing as they are to gain

    Eben Pagan
  • to most people the kinds of clients we're talking about here win means get the result they want win the game they're playing

    Eben Pagan
  • they're winners and they're playing to win not to avoid losing

    Eben Pagan

Questions Answered

What's the difference between playing to win vs playing not to lose?

when you're in that kind of world the game that's being played there is not lose that's the game that's being played don't lose okay everyone is very risk averse

Eben Pagan

Playing 'not to lose' means being risk-averse, trying to avoid mistakes, and just getting by without being noticed. Playing to win means focusing on achieving the specific results you want in your chosen game.

How do elite clients approach winning differently?

to most people the kinds of clients we're talking about here win means get the result they want win the game they're playing

Eben Pagan1:05

Elite clients don't play to beat everyone else. They play to win their own game and get the specific results they want in their chosen domain.

Why do most people stay stuck in not losing mode?

everyone is very risk averse and very like in the tersan conoman prospect theory twice as motivated to avoid losing as they are to gain

Eben Pagan0:20

According to prospect theory, people are twice as motivated to avoid losing as they are to gain. This makes them risk-averse and focused on not making mistakes rather than achieving breakthrough results.

Summary

The Psychology of Playing Not to Lose

Eben explains how most people operate from a scarcity mindset where they're primarily focused on avoiding mistakes and risks. He references prospect theory to show that people are twice as motivated to avoid losing as they are to gain, which keeps them stuck in risk-averse behavior patterns.

How Elite Clients Redefine Winning

Elite clients don't play to beat others—they play to win their own specific game. Eben clarifies that true winning means achieving the results you want in your chosen domain, using his personal health transformation as an example of winning without competition.

The Game NOT To Play If You Want To Win At Life
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Counterpoint

Claim:Success means beating other people and being better than the competition

Reframe: True winning means getting the results you want in your own game, not competing against others

Eben explains that elite clients focus on winning their specific game and achieving their desired outcomes, using his health example where he wins through high energy and feeling great, not by beating others

Claim:Playing it safe and avoiding risks is the smart approach to protect what you have

Reframe: Playing 'not to lose' keeps you stuck in scarcity while elite achievers play to win

Eben cites prospect theory showing people are twice as motivated to avoid losing, causing them to focus on not screwing up or being noticed rather than achieving breakthrough results

Key Points 3

Most people play 'not to lose' rather than playing to win, which keeps them stuck in scarcity and risk-averse behavior

Elite clients don't play to beat others—they play to win their own game and get the results they want

1:05

Winning means achieving your desired outcome in your chosen domain, not competing against others

1:37

Topics

Coaching Strategies

Business Frameworks

prospect theory

Common Mistakes

risk-averse thinking