Special Guest Katy Milkman

June 6, 2021
Mark sits down with Choiceology host Katy Milkman to discuss some of the barriers to change in her new book How to Change.
Transcript Open new window

After you listen

  • To hear more insights from Katy Milkman, be sure to follow the Choiceology podcast in your listening app of choice.
  • And follow Mark Riepe on Twitter @MarkRiepe.
  • To hear more insights from Katy Milkman, be sure to follow the Choiceology podcast in your listening app of choice.
  • And follow Mark Riepe on Twitter @MarkRiepe.
Choiceology podcast in your listening app of choice.
  • And follow Mark Riepe on Twitter @MarkRiepe.
  • " role="dialog" aria-label="
    • To hear more insights from Katy Milkman, be sure to follow the Choiceology podcast in your listening app of choice.
    • And follow Mark Riepe on Twitter @MarkRiepe.
    " id="body_disclosure--media_disclosure--10041" >

    • To hear more insights from Katy Milkman, be sure to follow the Choiceology podcast in your listening app of choice.
    • And follow Mark Riepe on Twitter @MarkRiepe.

    In this special bonus episode, Mark Riepe talks with Katy Milkman, host of Choiceology and author of a new book titled How to Change: The Science of Getting from Where You Are to Where You Want to Be.

    Katy's book focuses on overcoming the barriers that too often prevent us from making positive changes. Katy and Mark discuss some of these obstacles, including procrastination and the difficulty forming good habits, as well as techniques that research has shown can help us overcome them.

    Katy also shares what led her down the path of studying behavioral economics, including the lightbulb moment she had when she first saw this pie chart from a study in the New England Journal of Medicine. She also explains how her research into the fresh-start effect was inspired by her own experiences as a graduate student.

    Finally, Katy and Mark discuss which biases Katy sees in herself, in her students, and in her own family.

    Follow Financial Decoder for free on Apple Podcasts or wherever you listen.

    Financial Decoder is an original podcast from Charles Schwab.

    If you enjoy the show, please leave us a rating or review on Apple Podcasts.

    Learn more about behavioral finance. 

    What Should You Do with Your Employee Stock?

    Whether it's stock options, restricted stock units, an employee stock purchase plan, or some other form of equity compensation, many companies offer this vital benefit to employees. But once you have it, what should you do with it?

    Common Trading Mistakes to Avoid

    Is something getting in the way of your trading? It might be your own tendencies. We discuss 5 common trading blunders to avoid.

    (Bonus) Do Super Bowl Wins Diminish in Value?

    In this short bonus episode from Financial Decoder, host Mark Riepe connects the Super Bowl LVIII matchup to the concept of economic utility.

    Related topics

    The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

    All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.

    Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

    The book How to Change: The Science of Getting from Where You Are to Where You Want to Be is not affiliated with, sponsored by, or endorsed by Charles Schwab & Co., Inc. (CS&Co.). Charles Schwab & Co., Inc. (CS&Co.) has not reviewed the book and makes no representations about its content.

    Investing involves risk including loss of principal.

    Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance.

    Apple Podcasts and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries.

    Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.

    Spotify and the Spotify logo are registered trademarks of Spotify AB.

    0621-11UK