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2min chapter
Lashing Yourself to the Mast
Change Academy
The Anti-Charity Is Better Than the Good Charity
When he quit smoking, one of the biggest motivators for him to actually quit was that I realized how much money I was giving to these nasty evil corporations. Another sort of less extreme example of a commitment device is having your employer or even just your personal bank automatically deposit a certain amount of your paycheck before it ever hits your account. So you're not, it's not there to spend.
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Speaker 2
While I'm thinking about this, I'm thinking I'd probably do better with the anti-charity. Oh, for sure. Because actually years ago, when I quit smoking, one of the biggest motivators for me to actually quit was that I realized how much money I was giving to these nasty evil corporations that I really didn't want to be supporting. And that was huge motivation for me. So yeah, I can see how the anti-charity would often work better than the good charity. Absolutely.
Speaker 1
Same for me.
Speaker 2
I might want to screw up to donate to the
Speaker 1
SPCA. Well, or at least there's an upside,
Speaker 2
right? Yeah.
Speaker 1
But another sort of less extreme example of a commitment device that's very widespread and very effective actually is having your employer or even just your personal bank automatically deposit a certain amount of your paycheck into your retirement account or into a savings account before it ever even hits your account.
Speaker 2
I love
Speaker 1
that. Yeah. So you're not, it's not there to spend. But I have kind of a silly version of this. Sometimes if I have a long plane flight and I have work that I want to do, I know I'm not going to want to do the work on the flight. So my commitment device is I get on the plane without a book or a newspaper or any podcasts loud enough to entertain me. And eventually I know I will actually get bored enough to do the work that I brought.
Speaker 2
Ooh, that actually reminds me of a milder form of commitment device that's called temptation bundling.
Speaker 1
That sounds good.
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