Today I want to highlight the work of the fabulous @katy_milkman, who was kind enough to read and provide a blurb for my new book, #HowToDecide.
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Katy is a professor at the Wharton School and an expert on behavior change, committed to helping people understand how they can better shape their habits and achieve their goals.
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.@katy_milkman is the host of #choiceology, a wonderful podcast dedicated to helping people make better decisions through telling compelling stories + conversations with guests that are a who’s who of behavioral economics.
Here is a a @TEDTalks from #TedxPenn, “Why We Fail and How We Stand Up Afterwards” that showcases @katy_milkman wonderful teaching skills and amazing brain.
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Here is a resource to explore even more of the work of @katy_milkman. Well worth taking a deep dive if you want to learn more about behavior change for good.
.@katy_milkman is also hard at work on a new book, How to Change, which will be coming out next year. I've had the chance to read an early draft and it's fabulous—a must read for anyone wanting to understand how to make better choices to achieve their long-term goals.
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The minute it comes up for pre-order, I’ll post it here. You won’t want to miss this one.
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Here's a secret about @katy_milkman: she was on track to become a professional tennis player at one point! 😊 That’s how multi-talented she is!
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The thing is, Katy is not just super smart and talented, she is also super nice and incredibly generous with her time and her ideas. I am grateful to call her friend.
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In < 2 weeks (Nov. 28) I’m launching my 1st cohort-based decision-making class on @MavenHQ. It’s for entrepreneurs, executive-level decision makers, investors & anyone seeking to make higher quality decisions in their business, work, and personal life.
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I've been studying how to make better decisions under uncertainty my whole adult life: professional poker player career, work in cognitive science, writing 3 books about decision making & consulting w/ incredible companies like @firstround@RenegadePtnrs and @mParticle.
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My clients have to make high stakes decisions under conditions of uncertainty every day.
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Quitting gets a bad rap. Language favors grit over quitting. We’re taught that people who quit are cowards and that quitting is an obstacle to overcome.
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I reject this. I wrote #QUIT to rehabilitate quitting’s image and to show people that it is a valuable decision skill and our best tool for making decisions under uncertainty.
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It allows us to change course when new information is revealed, let go of things that aren’t worthwhile, and make the best next move.
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It’s critical to understand that while your intuition is probably telling you that improving quitting behavior won’t make a difference in your decision-making or your business – that intuition is not correct.
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Quitting is your secret weapon. It’s a superpower that takes time to master, but once you do, you will save your organization time, energy, and money.
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Lead your team through this exercise during my Flight Cohort on @BalloonPlatform. You'll identify mission-critical parts to tackle first, create experiments to decide what’s worth pursuing, identify tasks to put on the backburner & build a project plan around these pieces.
I can guarantee using this framework with your team will help you make the best next move and save your team time, energy, and money.
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If you’ve already purchased #QUIT, you can get a discount code for 10% off of the Balloon Flight Cohort by filling out this proof of purchase form: surveymonkey.com/r/QuitADuke
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Inflexible goals aren’t a good fit for a flexible world.
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After we set a goal, it becomes a fixed object.
The goal becomes the object of our grit, instead of all the values expressed and balanced when we originally set the goal, even as all the inputs that led to choosing that particular goal evolve.
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The conditions in the world change.
Our knowledge changes.
The weights we attach to the benefits and costs change.
In #QUIT, I outline the various cognitive and motivational forces that work against good quitting behavior. There’s sunk cost bias, desire for certainty, escalation of commitment, status quo bias, and endowment bias (to name a few).
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I go into different mental models and frameworks to build good quitting behaviors into your toolbox, like thinking in expected value, increasing flexibility in goal-setting, establishing “quitting criteria” and contracts, etc.
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I can’t emphasize enough how important these tools are — but it can be difficult to bring your team or company along as well, especially when collaborative settings add in a whole host of additional group dynamics and biases that work against good decision-making.
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