Changing habits is hard. But what if there was a way to dramatically improve your odds of quitting even your worst habits? What if this method was shown to be over 8 times more effective than traditional methods at helping people quit a stubborn addiction like smoking? Would you try it?
As I discussed in part 1 and part 2 of this 3-part series, the technique involves a wager. A recent study published in the New England Journal of Medicine showed that when people put money down, they were much more likely to accomplish their goals. In this case, people who risked $150 of their own money to win a $650 bonus prize were dramatically more likely to quit smoking than those who used traditional smoking cessation methods. Surprisingly, this group also beat out those who were offered an $800 reward with no deposit for staying smoke-free.