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Conversely, announcing your plans and having a financial stake in the completion of those plans is shown to work exceptionally well. The company, stickK (stickk
by abossy 17y ago
Conversely, announcing your plans and having a financial stake in the completion of those plans is shown to work exceptionally well. The company, stickK (stickk.com), is founded on this principle. It is drawn from behavorial economist Dean Karlan, so it is based on incentives rather than rigorous psychological evaluation, but it seems to work well: http://www.stickk.com/about.php http://www.stickk.com/about.php
- srn 17y agoIf the financial state is already having invested the money, I wonder if this is more or less motivating than a possibility of money later. The money paid is a sunk cost, so failing to follow up negatively impacts your experience and not the financials.
- reconbot 17y agoI was about to boast about something... but never mind.