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PODCAST

Choiceology with Katy Milkman

Can we learn to make smarter choices? Listen in as host Katy Milkman--behavioral scientist, Wharton professor, and author of How to Change--shares stories of high-stakes decisions and what research reveals they can teach us. Choiceology, an original podcast from Charles Schwab, explores the lessons of behavioral economics to help you improve your judgment and change for good. Season 1 of Choiceology was hosted by Dan Heath, bestselling author of Made to Stick and Switch. Podcasts are for

science social sciences

All Episodes

00:34:23

Playing the Long Game: The Power of Self-Control

Choiceology with Katy Milkman ·

2025/10/20

As a special addition to this week's episode, you can see Katy's full sit-down interview with Angela Duckworth, where they also explore the relationship between self-control and grit.Watch or listen to their conversation on YouTube or Spotify.When your emotions flare or temptation calls, what does it take to hold back? Whether it’s resisting the urge to lash out or the pull of short-term pleasure in favor of long-term goals, self-control can be one of the hardest—and most important—skills we ever

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00:33:36

Bonus: A Sit Down With Katy Milkman & Angela Duckworth

Choiceology with Katy Milkman ·

2025/10/20

In this bonus addition of Choiceology, Katy Milkman sits down with psychologist and Grit author Dr. Angela Duckworth, a leading expert on self-control. She breaks down what science tells us about managing impulses, why willpower by itself falls short, and how simple environmental tweaks and practical strategies can help anyone delay gratification and make smarter choices.Katy and Angela's conversation is featured in the Choiceology episode "Playing the Long Game: The Power of Self-Control," now

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00:35:08

How Mindset Shapes Success

Choiceology with Katy Milkman ·

2025/10/06

Most of us label ourselves early on as academic (or not), athletic (or not), or talented (or not). But even if you feel like you're lacking in natural talent or ability in certain areas, approaching new skills or challenges with openness, effort, and curiosity can take you farther than you might expect.In this episode of Choiceology with Katy Milkman, we look at the stories we tell ourselves about our abilities—and how to create conditions that can shape our trajectories for growth and

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00:37:56

Why Starting Over Hurts

Choiceology with Katy Milkman ·

2025/09/22

If you've ever gotten well into a project—maybe a DIY renovation—and then realized that you've taken the wrong approach, you probably know that it's very tempting to just stay the course. Starting all over again would be so painful, even if starting over is clearly the best option.Or maybe you've taken a wrong turn on a hike and only noticed it a mile later. You know the dread of going back. Even if turning around is the smartest option, there's a strong pull to just keep moving forward.In this

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00:42:53

Teamwork That Works: What Great Teams Have in Common

Choiceology with Katy Milkman ·

2025/09/08

What makes an effective team? Talent? Skill? Discipline?In this episode of Choiceology with Katy Milkman, we're looking at some of the more surprising ingredients of successful teams, according to science. Teams where the whole is greater than the sum of its parts.You'll hear the story of the Kon-Tiki expedition—a harrowing journey across the Pacific Ocean led by Norwegian explorer Thor Heyerdahl. A journey made by a small band of adventurers who set out to understand ancient human migration. They

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00:36:34

When It Feels Like Everyone's Watching

Choiceology with Katy Milkman ·

2025/08/25

We've all been there. Maybe you fumbled a line in a presentation. Or tripped on a shoelace. Or suffered a bad hair day. It can feel like the whole world is watching you—and judging you—in those embarrassing moments. But are people paying as much attention to you as you think?In this episode of Choiceology with Katy Milkman, we explore why we tend to blow our own missteps out of proportion.We go behind the scenes of some of the most consequential speeches of World War II. Speeches given by a man who

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00:28:36

How a Single Source of Information Can Seem Like Several

Choiceology with Katy Milkman ·

2025/08/11

You've probably been in situations where multiple friends recommend the same product. It must be great, if everyone is talking about it, right? But then you find out that those friends had all just seen the same product on a popular TV show. What seemed like independent recommendations really came from a single source.In this episode of Choiceology with Katy Milkman, we consider the consequences of missing out on the true source of information when we're exposed to that information through multiple

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00:01:35

Coming Soon: A New Season of Choiceology

Choiceology with Katy Milkman ·

2025/07/28

It's a new season of Choiceology, an original podcast from Charles Schwab. New episodes arrive every two weeks, so please follow us in your favorite podcasting app.Important DisclosuresThe comments, views, and opinions expressed in the podcast are those of the speakers and do not necessarily represent the views of Charles Schwab.Data contained herein from third party providers is obtained from what are considered reliable source. However, its accuracy, completeness or reliability cannot be

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00:28:27

Little Bits of Happiness: With Guests Sally...

Choiceology with Katy Milkman ·

2025/06/02

Were you the kind of kid who devoured all your Halloween candy in one sitting—or savored it daily until, somehow, it was Easter? And when it comes to bad news, do you prefer it all at once or with some time in between? Turns out, the way we bundle or separate life's highs and lows can influence our happiness. In this episode of Choiceology with Katy Milkman, we consider a mental accounting trick that can help maximize joy and minimize pain. You'll hear from Sally Millington of York, U.K., who set

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00:32:49

Cents & Sensibility: With Guests Melina Palmer &...

Choiceology with Katy Milkman ·

2025/05/19

Would you pay more for a car with 29,999 miles than one with 30,000? The answer should be no—it's a negligible difference, after all—but research shows that people often do pay more than they should for cars that are just short of certain odometer thresholds.In this episode of Choiceology with Katy Milkman, we look at why a price or an age or a test score that falls just under a round number has an outsized impact on our decisions. We hear from Melina Palmer, author of The Truth About Pricing, as

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00:31:27

Hooked on Streaks: With Guests Chloë Hamilton &...

Choiceology with Katy Milkman ·

2025/05/05

Streaks have long been logged in the world of sports. And for tracking habits, like daily writing. But now apps encourage us to keep streaks going for just about anything. Messaging friends, learning new languages, meditating, exercising, you name it. In this episode of Choiceology with Katy Milkman, we explore the motivational power of streaks. And we look at ways to alleviate the demotivating effects of breaking a streak. We speak with journalist Chloë Hamilton, who wrote a story for The Guardian

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00:30:41

Obstacle Illusions: With Guests Daniella McCahey &...

Choiceology with Katy Milkman ·

2025/04/21

First-born children tend to believe that their parents were harder on them than their siblings are willing to grant. Football fans take disproportionate note of the challenging games on their team's schedules. We're wired to interpret our challenges as bigger than our advantages, even if the reality is more balanced.In this episode of Choiceology with Katy Milkman, we consider our tendency to focus more attention on our negative or challenging experiences than on our positive or easy ones. This

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00:38:22

The Reality Trap: With Guests Ken Adelman & Julia Minson

Choiceology with Katy Milkman ·

2025/04/07

Is it ever possible to see the world objectively, as it is? Turn on the news, open social media, engage with that family member at Thanksgiving, and it appears to some the answer is yes. But what if our biggest blind spot is thinking we don't have a blind spot? In this episode of Choiceology with Katy Milkman, we look at how we can easily be fooled into believing that our subjective experience of the world is objective, and believing that anyone who disagrees with us must be biased or wrong.We

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00:29:37

A Numbers Game: With Guests Linda Chang & Stephen M....

Choiceology with Katy Milkman ·

2025/03/24

Workplaces often rely on numerical ratings for performance reviews. Election debates focus on poll numbers and approval ratings. Your watch counts your steps in a day. Numbers increasingly influence our decisions.In this episode of Choiceology with Katy Milkman, we look at our very human tendency to fixate on digits even when words or graphs represent the very same information. Stephen M. Colbert writes about movies and the film industry and shares the heated story of when the DC Extended Universe

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00:01:35

Coming Soon: A New Season of Choiceology

Choiceology with Katy Milkman ·

2025/03/10

It’s a new season of Choiceology, an original podcast from Charles Schwab. New episodes arrive every two weeks, so please follow us in your favorite podcasting app. Important DisclosuresThe comments, views, and opinions expressed in the presentation are those of the speakers and do not necessarily represent the views of Charles Schwab.Data contained herein from third party providers is obtained from what are considered reliable source. However, its accuracy, completeness or reliability cannot be

en

00:39:52

A Hero's Journey: With Guests Ethan Gilsdorf, David...

Choiceology with Katy Milkman ·

2024/10/21

Luke Skywalker, Frodo Baggins, Katniss Everdeen, the main characters of many great stories, they all have one thing in common: the shape of their journey. From answering the call to adventure, to undergoing tests of character and strengths, to triumphantly returning home forever changed. It's a classic narrative structure that's inspired countless tales from ancient myths to modern media. But it's not just great for entertainment. In this episode of Choiceology with Katy Milkman, we look at how this

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00:35:34

Rebel With a Cause: With Guests Francis Kelly &...

Choiceology with Katy Milkman ·

2024/10/07

Most parents encounter resistance from their children. Perhaps when the kids are young and turning their noses up at vegetables, or when they're teenagers and balking at curfews or dress codes.So what's the best way to encourage good choices in the face of a rebellious kid? Or a rebellious adult, for that matter?In this episode of Choiceology with Katy Milkman, we look at the surprising ways that resistance to authority can be leveraged for positive change. During the mid 1990s, the "Truth"

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00:38:03

On a High Note: With Guests Maurice Schweitzer &...

Choiceology with Katy Milkman ·

2024/09/23

Do you recall the best concert you ever went to? Best trip? Best meal? Chances are good that a few memories come to mind—maybe not every detail of the event, but perhaps a couple great moments. It can go the opposite way, too. Worst travel experience. Worst date. Our memory works in snapshots of particular parts of our experience.In this episode of Choiceology with Katy Milkman, we look at a predictable distortion in the way people remember experiences. And we’re doing it in part to honor a very

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00:31:42

The Truth Is Out There: With Guests Tania Lombrozo &...

Choiceology with Katy Milkman ·

2024/09/09

Your car breaks down. Must be because you skipped an oil change last month. Or your favorite team loses. Well, that was because of a bad call by a corrupt referee. In reality, many events involve multiple contributing factors. But we tend to gravitate toward single causes. In this episode of Choiceology with Katy Milkman, we look at our desire to explain things simply, even when the truth may be more complex.Where unidentified flying objects are concerned, there is rarely a simple answer. They'd be

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00:27:58

To Know What You Know: With Guests David Dunning &...

Choiceology with Katy Milkman ·

2024/08/26

In this episode of Choiceology with Katy Milkman, we look at the often-misunderstood and surprisingly common Dunning-Kruger effect with an interview featuring one of the researchers who first identified it, David Dunning.But we start with the story of Cecilia Jimenez, the humble Spanish grandmother and amateur landscape painter who took it upon herself to restore a fresco in her local church. The results made international headlines—and briefly made Ceclia Jimenez a household name—for all the wrong

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