commitment contracts
20/03/09 17:24
A story in the NYTimes, Dieting? Put Your $$ Where Your Mouth Is, discusses a clever website stickK.com (created by Dean Karlan at Yale) where people can create a commitment contract for say losing weight, or quitting smoking, where if you fail, it costs you $$$. You can even assign ahead of time to pay the $$$ to an anti-charity - George W. Bush library is a popular choice!
