Tag Archive

The Road Dial and the Akrasia Horizon

Wednesday, August 31st, 2011
The Road Dial and the Akrasia Horizon

Previously on the Beeminder Blog… How can we set up a commitment contract with minimal risk that we’ll regret it? It’s a tricky balancing act. You want something solid enough that you’ve truly committed yourself to your goal and can’t weasel out whenever a friend bakes some brownies (or whatever). But... »

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... »