Commitment Devices
Katy discusses the powerful impact of commitment devices on willpower challenges, such as quitting smoking and saving money. Research shows that adding a financial stake can significantly boost success rates, with individuals using commitment accounts saving 80% more than those with standard accounts. This innovative approach highlights how tying one's hands can lead to better outcomes in the face of temptation.In this clip
From this podcast
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How to Change Your Habits | Katy Milkman (May, 2021)
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