3min chapter

People I (Mostly) Admire cover image

103. Rick Rubin on How to Make Something Great

People I (Mostly) Admire

CHAPTER

The Problem With Commitment Devices

I love the spirit of the idea. It is the kind of idea that I hear bandied about around the lunch table with really good economists. But this feels like a program that wouldn't actually work in practice and that would have bigger costs than benefits. And why is that? As much as economists like commitment devices, people in the real world are not eager to sign up to them.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode