Hi,
rationally, losing $2 or gaining $2 should each motivate us exactly the
same amount. Most people, however, feel the sting of losing $2 much more
than the reward of gaining $2 - we are risk averse. A minority, though,
including me, are the other way around - and I imagine that those who feel
rewards more keenly than risks would be more likely to be akratic, so there
might be a higher proportion of us among beeminder users (possible
psychology experiment here - is low risk aversion linked to akrasia?).
For those of us who respond more to reward than to risk, I wonder if it
might be more effective if we prepaid beeminder say $100 for 50 days, and
it put $2 back in our account each day we stay on the road, and also
still bills us if we go off - so we get the benefit of both stick and
carrot.
(Beeminder won’t actually want to be making credit card transactions
every day because they cost money - presumably they’d want to store it up
in a balance that you can withdraw from as-and-when)
Does this make sense to you guys?
D
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Sems like a usecase for bitcoin - inexpensive Daily transactions?
Reto
On May 1, 2014, at 21:26, indigovervet@gmail.com wrote:
Hi,
rationally, losing $2 or gaining $2 should each motivate us exactly the same amount. Most people, however, feel the sting of losing $2 much more than the reward of gaining $2 - we are risk averse. A minority, though, including me, are the other way around - and I imagine that those who feel rewards more keenly than risks would be more likely to be akratic, so there might be a higher proportion of us among beeminder users (possible psychology experiment here - is low risk aversion linked to akrasia?).
For those of us who respond more to reward than to risk, I wonder if it might be more effective if we prepaid beeminder say $100 for 50 days, and it put $2 back in our account each day we stay on the road, and also still bills us if we go off - so we get the benefit of both stick and carrot.
(Beeminder won’t actually want to be making credit card transactions every day because they cost money - presumably they’d want to store it up in a balance that you can withdraw from as-and-when)
Does this make sense to you guys?
D
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To unsubscribe from this group and stop receiving emails from it, send an email to akratics+unsubscribe@googlegroups.com.
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