

Katy Milkman on How to Change
Feb 3, 2025
Katy Milkman, a Professor at The Wharton School and co-founder of the Behavior Change for Good Initiative, dives into the intriguing world of behavior change. She discusses overcoming psychological barriers like present bias and impulsivity, offering strategies such as temptation bundling. Katy also shares insights on the effectiveness of financial incentives in establishing exercise habits and the power of bite-sized goals for sustained progress. Additionally, she highlights how social accountability can significantly enhance fitness attendance and improve academic success.
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Present Bias Blocks Change
- Present bias causes us to overweight immediate rewards over long-term benefits.
- This explains why we delay beneficial actions like exercising or managing finances until tomorrow.
Power of Fresh Start Effect
- Fresh start dates trigger motivation because they symbolize a chapter break in our lives.
- This psychological disconnect allows us to separate from past failures and begin anew.
Fresh Start Study with Baseball
- Baseball players traded across leagues get a fresh start with stats reset.
- Those with poor seasons improve, while top performers decline due to loss of momentum.