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Force Majeure, Or Beeminder’s SOS Clause

Friday, July 1st, 2011
Force Majeure, Or Beeminder’s SOS Clause

Economists have been wondering for at least half a century why we don’t see more use of commitment devices in the real world. In 1955, one economist speculated that the reason is risk and uncertainty, “both as to future tastes and future opportunities.” We’ve been thinking hard about how to... »