The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics cover image

The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics

416. Mastering Motivation: Behavioral Economics Insights (Refreshed Episode)

Aug 5, 2024
Discover the intricate world of motivation and how your brain can learn to stay motivated. Explore the compelling differences between intrinsic and extrinsic motivation and how to leverage them effectively. Delve into behavioral economics concepts like loss aversion and habits that impact your goal setting. Hear personal anecdotes about overcoming limiting beliefs in fitness, particularly through running. Gain valuable insights into popular fitness apps and actionable tips to boost your motivation, both in personal and business endeavors.
43:09

Podcast summary created with Snipd AI

Quick takeaways

  • Understanding the difference between intrinsic and extrinsic motivation helps individuals overcome obstacles and commit to their goals more effectively.
  • Fitness apps like Couch to 5K and Runkeeper demonstrate how technology can enhance or undermine motivation based on their design and user experience.

Deep dives

Understanding Motivation Types

Motivation is categorized into two types: intrinsic and extrinsic. Intrinsic motivation stems from personal desires or goals, while extrinsic motivation is driven by outside influences such as commitments to others. The speaker illustrates this concept by sharing personal experiences related to running, emphasizing that challenges and limiting beliefs can shape one’s motivational landscape. By recognizing the type of motivation at play, individuals can better position themselves to overcome obstacles and commit to their goals.

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