Habits are Overrated, with Kristen Berman

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#337: Meet Kristen Berman, a top researcher in the field of behavioral economics. She’s the co-founder of Irrational Labs, which designs products that are evidence-based in the behavioral sciences.

Her co-founder, Dan Ariely, is the James B. Duke Professor of psychology and behavioral economics at Duke University, and one of the most famous behavioral economists in the world.

Here are some of the (counterintuitive!) ideas that Kristen shares:

Habits are overrated. Automate instead
Budgeting doesn’t change your spending behavior
Commit in advance
Forget about the outcome
Focus on the process
You need accountability
Think about the Three B’s: behavior, barriers and benefits

Tune into this episode to hear Kristen elaborate on these research-backed, evidence-based ideas about how to improve our spending, saving and investing habits.

For more information, visit the show notes at https://affordanything.com/episode337

*Note: This interview originally aired in October 2019.

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