According to research, 81-92 % of resolutions fail. That’s a lot of new habits that fail to stick.
To create or stick a new habit (or the better option; replacing an old habit) is hard because you are effectively re-wiring your brain.
You brain has developed nice connections (neural pathways) between an existing behaviour and a reward. Over time, that connection has strengthened and gone from a thin path to a sturdy connection Continue reading →
Everybody wants good habits but they seem to allude us.
Around 40% of your daily behaviours are completed out of habit according to research at Duke University. As Aristotle poignantly stated, “We are what we repeatedly do. Excellence then is not an act, but a habit”. It makes sense to build good habits that set you up for excellence.
Here are 10 tips to help you build a good habit that sticks: Continue reading →
Many of us know the old carrot and stick approach. This approach is in reference to a cart driver dangling a carrot in front of a mule and holding a stick behind it. The mule would move towards the carrot because it wants the reward of food, while also moving away from the stick behind it, since it does not want the punishment of pain, thus drawing the cart. Continue reading →
Loss aversion is our tendency to prefer avoiding a loss over receiving a gain.
Loss aversion explains why you sit through a terrible movie purely because you paid for the ticket.
You don’t want to waste money, you want to avoid a feeling of loss. If you put money on the line, you will be motivated to follow through in order to avoid losing the money.
It’s a powerful psychological motivator, thought to be twice as powerful as Continue reading →
Answer: Yes but not in the way we would like…
“This time it’s for real”. You’ve been telling yourself “this time” you’re going to lose the weight, learn that business skill, start waking up early and achieve more in your day. You know you promised yourself the same thing last year, and the year before that, but this year, this year is different. Right?
We repeat the sequence, epiphany, lack of action, a feeling of failure. A 2007 study by Richard Wiseman found that 88% of resolutions fall away before the year is up.
So why do we fail? Continue reading →