Hitting Your Number: With Guests Jason Beck & Devin Pope

Have you ever observed that there's something satisfying about seeing a vehicle's odometer roll over from 99,999 to 100,000 miles? Or maybe more likely, taking a look at a clock right when it hits 12:00 on the nose? What's so unique about these moments?

In this episode of Choiceology with Katy Milkman (), we take a look at quirk of human behavior that can lead, in many cases, to superhuman achievement.

Katy brings you the story of Roger Bannister's quest to break the four-minute mile– a centuries-old mental barrier– and the terrific leaps in athletic achievement that followed his task. You'll hear the history of the four-minute mile from Jason Beck, author of The Wonder Mile: Stories of the 1954 British Empire and Commonwealth Games (), and a curator at the British Columbia Sports Hall of Fame () You'll also hear documentary interviews () from Roger Bannister () and John Landy () about their famous race.

You can see an image of the stop-watch utilized in the Wonder Mile race here (). The watch is permanently stopped at Roger Bannister's sub-four-minute time.

Next, we go to the rather more modest setting of a filling station to demonstrate how a preference for round dollar quantities prevails, even when cash is not involved.

Then, Devin Pope () of The University of Chicago Booth School of Business () joins Katy to talk about the psychological costs and advantages of goals and how round numbers can impact your motivation in various contexts.

Finally, Katy offers some actionable intelligence on how you can use round-number goals to improve results, whether that's entering into college, saving for retirement or running a quicker marathon.

Choiceology is an initial podcast from Charles (). For more on the series, visit .com/podcast ().

If you enjoy the show, please leave a ⭐ ⭐ ⭐ ⭐ ⭐ score or evaluation on Apple Podcasts ().

Essential Disclosures:

All expressions of opinion are subject to alter without notice in response to moving market conditions.

The remarks, views, and viewpoints expressed in the discussion are those of the speakers and do not always represent the views of Charles Schwab.

Information consisted of herein from third-party service providers is obtained from what are considered reputable sources. Nevertheless, its accuracy, efficiency or dependability can not be guaranteed.

( 0419-93J5).

Hitting Your Number: With Guests Jason Beck & Devin Pope

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