Commitment Devices

@inproceedings{Bryan2009CommitmentD,
  title={Commitment Devices},
  author={Gharad Bryan and Dean S. Karlan and Scott Nelson},
  year={2009}
}
People set goals. They promise to smoke less, to save more, to drink less, to work more, to eat less and to exercise more. They set goals with varying levels of formality, making promises to themselves, vows to spouses, or bets with friends. These same people regularly fail to meet their goals. They keep smoking, spend money on things they later regret, and throw out perished vegetables while eating chips. Why do people set goals, and why do they fail to reach them? These are important and… 

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