Time and Attention cover image

Time and Attention

114: Commitment Devices

Oct 24, 2023
Topics discussed include commitment devices, intention-action gap, financial and social commitment devices, adding and removing friction for goal attainment, game theory and decision-making, using commitment devices to bridge the gap between intentions and actions, and the influence of social factors on commitment devices.
34:41

Podcast summary created with Snipd AI

Quick takeaways

  • Financial commitment devices involve setting up a financial penalty or loss to motivate oneself to follow through with a goal.
  • Social commitment devices utilize the pressure of not wanting to disappoint or let down others to motivate oneself.

Deep dives

Financial commitment devices

Financial commitment devices involve setting up a financial penalty or loss to motivate oneself to follow through with a goal. For example, pledging to donate to a cause you don't support if you fail to achieve a certain goal.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner