Without a net

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Are you one of those people who always have a Plan B? Turns out that might not be such a good idea.

Two management professors, Jihae Shin of the University of Wisconsin-Madison, and Katherine L. Milkman of the Wharton School of Business at Penn, undertook a study to see if having a backup affected how hard people work toward a goal and their chances for success. Turns out if it is a goal that requires hard work, it does. People don’t put as much effort into achieving their goal and consequently don’t achieve less.

A goal that is dependent on having high innate skill isn’t affected by this dynamic.

The professors acknowledge that making an alternate plan helps reduce uncertainty and stress. They suggest, however, waiting until later in the process to think about Plan B. Do the work first and see what happens.

What is your best strategy for achieving goals?

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