Ben Raphael is the Co-founder of Stake Something, an app designed to help people achieve their goals using the concept of “staking”. Staking is a method to motivate and hold people accountable for taking the necessary actions designed to help that person succeed.

In this episode, Ben discusses the behavirourial economics of loss aversion and present bias. He also talks about the neuroscience of taking action that leads to building a customer experience where individuals and their coaches (or healthcare providers) can define goals and actions to hold themselves accountable.

 

Key takeaways:
Stake Something stops you procrastinating by encouraging you to set goals each week and then ‘putting something at stake’ (usually money). The app then asks you if you’ve achieved that goal, and if ‘yes’, you keep the money; if ‘no’, the money goes to your chosen charity.
The research behind Stake Something is based on a new branch of psychology known as ‘behavirourial economics’, which shows that people are more motivated by keeping what they already have, rather than attaining a goal.
The app has an average 80% success rate in encouraging people in meeting their goals. Healthcare providers, which are often plagued by patient adherence challenges, could potentially use this methodology as a way of overcoming those issues.

 

Resources and links:
https://stakesomething.com/
https://www.linkedin.com/in/ben-raphael/

 

Connect:
https://www.linkedin.com/in/yianni-serpanos/
https://www.linkedin.com/company/healthtechx
https://www.instagram.com/my_healthtechx/
https://www.meetup.com/HealthTechX/

Ben Raphael is the Co-founder of Stake Something, an app designed to help people achieve their goals using the concept of &ldquo;staking&rdquo;. Staking is a method to motivate and hold people accountable for taking the necessary actions designed to help that person succeed.
In this episode, Ben discusses the behavirourial economics of loss aversion and present bias. He also talks about the neuroscience of taking action that leads to building a customer experience where individuals and their coaches (or healthcare providers) can define goals and actions to hold themselves accountable.
&nbsp;
Key takeaways:
<ol>
<li aria-level="1">Stake Something stops you procrastinating by encouraging you to set goals each week and then &lsquo;putting something at stake&rsquo; (usually money). The app then asks you if you&rsquo;ve achieved that goal, and if &lsquo;yes&rsquo;, you keep the money; if &lsquo;no&rsquo;, the money goes to your chosen charity.</li>
<li aria-level="1">The research behind Stake Something is based on a new branch of psychology known as &lsquo;behavirourial economics&rsquo;, which shows that people are more motivated by keeping what they already have, rather than attaining a goal.</li>
<li aria-level="1">The app has an average 80% success rate in encouraging people in meeting their goals. Healthcare providers, which are often plagued by patient adherence challenges, could potentially use this methodology as a way of overcoming those issues.</li>
</ol>
&nbsp;
Resources and links:
<ul>
<li aria-level="1"><a href="https://stakesomething.com/">https://stakesomething.com/</a></li>
<li aria-level="1"><a href="https://www.linkedin.com/in/ben-raphael/">https://www.linkedin.com/in/ben-raphael/</a></li>
</ul>
&nbsp;
Connect:
<ul>
<li aria-level="1"><a href="https://www.linkedin.com/in/yianni-serpanos/">https://www.linkedin.com/in/yianni-serpanos/</a></li>
<li aria-level="1"><a href="https://www.linkedin.com/company/healthtechx">https://www.linkedin.com/company/healthtechx</a></li>
<li aria-level="1"><a href="https://www.instagram.com/my_healthtechx/">https://www.instagram.com/my_healthtechx/</a></li>
<li aria-level="1"><a href="https://www.meetup.com/HealthTechX/">https://www.meetup.com/HealthTechX/</a></li>
</ul>

Wavelength Creative

Reimagining Healthcare is a podcast about digital health innovation in the healthcare industry. On the show, we're talking HealthTech and Healthcare with innovators and how they’re building a world of seamless digital healthcare experiences with positive impact on people’s lives.

We cover all areas of digital mental health, digital physical therapy, digital wellness, digital health interventions and digital health therapeutics.  

Our guests include healthcare providers, developers, advisers and investors providing for a diverse and culturally rich exploration of the journey toward a world of integration digital health empowerment for all people covering start ups, scale ups and all types of entrepreneurial activity in the space.

Hosted by Yianni Serpanos, a HealthTech industry leader and Founder of HealthTechX.com.au (a digital health innovation & health tech start up community) and coreplus.com.au (digital health practice management software).

Reimagining Healthcare is a podcast about digital health innovation in the healthcare industry. On the show, we're talking HealthTech and Healthcare with innovators and how they&rsquo;re building a world of seamless digital healthcare experiences with positive impact on people&rsquo;s lives.
We cover all areas of digital mental health, digital physical therapy, digital wellness, digital health interventions and digital health therapeutics.&nbsp; Our guests include healthcare providers, developers, advisers and investors providing for a diverse and culturally rich exploration of the journey toward a world of integration digital health empowerment for all people covering start ups, scale ups and all types of entrepreneurial activity in the space.
Hosted by <a href="https://www.linkedin.com/in/yianni-serpanos/">Yianni Serpanos</a>, a HealthTech industry leader and Founder of <a href="https://healthtechx.com.au/">HealthTechX</a>.com.au (a digital health innovation &amp; health tech start up community) and <a href="https://coreplus.com.au/">coreplus</a>.com.au (digital health practice management software).

Reimagining Healthcare is a podcast about digital health  innovation.

Reimagining Healthcare

Reimagining Healthcare is a podcast about innovation in the healthcare industry. On the show, we talk to healthtech and healthcare innovators to uncover how they’re reimagining and building a world of seamless digital healthcare experiences that fit into people’s lives. Hosted by Yianni Serpanos, healthtech industry leader and Founder of HealthTechX (digital health innovation & start up community) and coreplus (digital health software).

Reimagining Healthcare is a podcast about innovation in the healthcare industry. On the show, we talk to healthtech and healthcare innovators to uncover how they&rsquo;re reimagining and building a world of seamless digital healthcare experiences that fit into people&rsquo;s lives. Hosted by <a href="https://www.linkedin.com/in/yianni-serpanos/">Yianni Serpanos</a>, healthtech industry leader and Founder of <a href="https://healthtechx.com.au/">HealthTechX</a> (digital health innovation &amp; start up community) and <a href="https://coreplus.com.au/">coreplus</a> (digital health software).

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