Stickk.com: Motivate Yourself to Reach Goals by Paying if You Don't
January 18, 2008 7:05 AM Subscribe
Stickk.com allows people to undertake commitment bonds: promises that they will do something (lose weight, quit smoking, etc.) or else forfeit a pre-determined amount of money to a charity. Either the honor system or a referee can be used to decide if the goal is met. The idea is related to Nobel prize-winner Thomas Schelling's concept of strategic precommitment. More here, here, and here.
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