Capital Allocators – Inside the Institutional Investment Industry cover image

Katy Milkman – How to Change (Capital Allocators, EP.199)

Capital Allocators – Inside the Institutional Investment Industry

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Conquering Procrastination: The Power of Commitment Devices

This chapter examines the link between procrastination and impulsivity, showcasing how self-imposed structures can help overcome the urge for immediate gratification. It highlights various commitment devices, including locked savings accounts and investment restrictions, that encourage adherence to long-term goals by limiting access to funds or incentives.

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