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Elevate Classics: Katy Milkman on How To Make Lasting Changes In Your Life

Elevate with Robert Glazer

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Harnessing Commitment for Savings and Goals

This chapter explores how binding constraints can enhance saving behaviors and achieve personal goals through psychological insights. It discusses various studies demonstrating the effectiveness of commitment devices, including locked savings accounts and financial penalties, in promoting self-control and long-term behavior change.

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