2000 Books for Ambitious Entrepreneurs - Author Interviews and Book Summaries cover image

29:[Self Help] Carrots & Sticks - Ian Ayres| 3 Keys to use commitments to get things done

2000 Books for Ambitious Entrepreneurs - Author Interviews and Book Summaries

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Getting a Good Commitment Contract

It's actually better to have a commitment contract with higher stakes rather than lower stakes. With lower stakes, I'm not motivated enough. With higher stakes, I have enough motivation to get it done. And the other aspect that I found that I personally gravitated towards is using the possibility of failure and humiliation in some ways like you're telling your friends.

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