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The Game Changing Attorney Podcast with Michael Mogill

78. Dr. Katy Milkman — How to Change: The Science of Getting From Where You Are to Where You Want to Be

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Marketing, Management, Entrepreneurship, Business

5.0540 Ratings

🗓️ 5 October 2021

⏱️ 43 minutes

🧾️ Download transcript

Summary

"If we can set goals, that make it bite-size to achieve the long run objective, then that brings forward also our motivation, because we can see what we need to do today and tomorrow." Katy Milkman What inspired Katy Milkman to become a behavioral scientist? What is 'present-bias' and why is it so common? How are habits maintained and built? What are the personal benefits of 'temptation bundling'? Jack of all trades: An illustrious career Behavioral scientist, professor of operations, economist; Dr. Katy Milkman can do it all. She's so versatile that in addition to being a Professor at Wharton School of Business, she has a secondary appointment at Penn's Perelman School of Medicine. Her research revolves around the process of decision-making and habit formation; essentially, how people change. With a range of academic interests and abilities, Dr. Milkman is one of the most reliable resources in the field. She’s won awards through research, including an early career award from the Federation of Associations in Behavioral & Brain Sciences. She was named one of the top 40 under 40 business school professors in the world by Poets & Quants, as well as a finalist for the Thinkers 50 2017 Radar Thinker Award. Katy's work is published on platforms such as The New York Times and The Harvard Business Review and is regularly featured on NPR. She's become something of a celebrity in academic circles. But it's her work translating the science for ordinary people that may have the most impact. She hosts the Choiceology podcast for Charles Schwab, has a TEDx talk, and her new book, How to Change, was named one of the Amazon’s best of 2021. Dr. Milkman is not just researching change. She's making it available to everyone. Gaming the System: Exploring behavioral economics Throughout her career Katy has gained insight from the decision-making process of average people. Knowing what makes people tick and why can be life-changing. We look at what motivates people, internal and external barriers, goal pursuing and habits. We dig into the mechanics behind behaviorism as Katy tells us about devices like 'present bias' and 'gamification'. Gamification can be a powerful force for change. By creating game-like incentives for behavior, goal achievement can be more fun. This strategy can be applied to individual habits or to something larger like employee performance and government programs, like vaccine adoption. The possibilities are endless. Patience is a Virtue: Behavioral change takes time As a member of the Forbes Top 10 Behavioral Scientists of 2020 list, Dr. Milkman knows a thing or two about human nature. During the COVID-19 pandemic, Milkman argued that getting people to wear masks would have been easier if people had considered them as fashion items. This thesis closely relates to a term she coined: 'temptation bundling'. It’s the idea of coupling something you enjoy with something you view as a burden to invoke the willpower to get things completed. As she says, "if we recognize we need to make it fun to pursue our goals, we're going to be much more likely to persist". In our discussion, Katy draws on the ways people find motivation to pursue their goals, self-discipline and social influence. Want to find out more about yourself? Katy has the answers. Key takeaways: Tick Tock: Behavioral and habitual change doesn't happen overnight. Take your time, understand the process Dilemma: Learn to address and overcome internal and external barriers Understand your surroundings: Recognize how your social environment impacts your decision-making Links And Resources The Game Changing Attorney Podcast Michael Mogill Facebook Michael Mogill Twitter Michael Mogill Instagram Michael Mogill LinkedIn Crisp Website Crisp Facebook Crisp Twitter Crisp Instagram Crisp LinkedIn Katy Milkman Website Katy Milkman LinkedIn Katy Milkman Twitter How to Change - Book Website

Transcript

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0:00.0

If we can set goals that make it bite-sized to achieve the long-run objective, then that brings

0:08.0

forward also our motivation because we can see what we need to do today.

0:12.6

That's Dr. Katie Mokman, behavioral scientist, Wharton Professor, and Best Selling Author of

0:17.0

How to Change the Science of Getting from where you are to Where You Want to Be.

0:21.1

We all are born with slightly different constraints, but we all also have room to grow and change.

0:32.0

I'm Michael Mogul, founder and CEO of Crisp Video, the nation's number one law firm growth

0:36.9

company. I've built my business through practice, not theory.

0:40.4

Crisp started with just $500 to my name and has grown to over eight figures in revenue over the last few years,

0:45.6

earning a spot on the Inc 500 list of the fastest growing private companies in America.

0:49.8

Our approach has been to take everything we've learned about generating massive growth within our own organization and help the country's most ambitious and committed law firm owners do the same for theirs.

0:58.9

In each episode of this podcast, I sit down with innovative market leaders from the legal industry and beyond.

1:04.1

To learn from those who thrive in the face of adversity, challenge the status quo, and define what it means to be a true game changer.

1:10.5

I sat down with Dr. Katie Milkman to discuss how to turn temptation and inertia into assets

1:14.6

to fuel positive change, why timing can be everything when it comes to making a change,

1:19.6

and how to develop habits that lead to higher performance.

1:22.6

It is key in sort of habit startup mode to try to first create a plan.

1:26.6

When is it that you want to execute the behavior?

1:29.2

Not just what is it that you hope to achieve or what's your long-run goal, but can you

1:32.4

break it down and think about what exactly do you need to do, say, on a daily basis?

1:37.1

That's coming up on the Game Changing Attorney podcast.

1:52.5

Dr. Katie Milkman is an award-winning Wharton Professor, Behavioral Scientist, and the co-director of the Behavior Change for Good Initiative.

2:00.3

After earning a bachelor's degree from Princeton and a PhD from Harvard, Katie continued her research and unpacked her findings in her best-selling book, How to Change.

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