dreev
September 6, 2023, 9:07pm
3
I just remembered another great thread about this:
This weekend I was at a party (hooray vaccines and the end of the pandemic!) and met a fascinating person who studied econ at GMU and has created some elaborate commitment contracts for himself. He had independently reinvented multiple aspects of Beeminder and figured out one thing in particular much faster than we did. Quoting him with permission:
The main issue I’ve struggled with is how to structure the contract and the accompanying penalties. The way I have categorized it could be consider…
Excerpt:
It’s probably worth clarifying, at least in your own head, when creating a goal, whether you want Beeminder to punish you for crossing the bright red line or just tax you for crossing it.
And in the Discord, @theospears and @rperce reminded me of Umeshisms . Example/analogy from Theo:
if you never lose a poker showdown (ie derail) you are folding too often (ie not setting ambitious enough goals)
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