Carrots and SticksCarrots and Sticks
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Carrots and Sticks

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Ian Ayres

We often sacrifice long-term gains in favor of short-term pleasures because we are captives of the now. Fortunately for us, there is a technique to break this terrible behavior. It begins with rewards and penalties, also known as carrots and sticks.

hashtagself-help
hashtagproductivity
hashtagpsychology
clock9 min
bite5 Bites
target5 Insight

What's it about?

By reading the remarkable guide regarding behavior, rewards, and self-discipline, Carrots and Sticks (2010), you will learn how to replace harmful behaviors with incentives and self-discipline. You'll also learn the abilities required to overcome obstacles in the way of weight loss, giving up smoking, and retirement savings.

Book summary

We often sacrifice long-term gains in favor of short-term pleasures because we are captives of the now. Fortunately for us, there is a technique to break this terrible behavior. It begins with rewards and penalties, also known as carrots and sticks.

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Although we may have little self-discipline, we can improve it by "exercising" more.

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Sticks are the punishment, and carrots are the reward. Which is the most effective? Interestingly, the stick.

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Small sticks won't dissuade an animal. But a large stick makes even a potential criminal think twice.

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Make a commitment contract with yourself. Then, in order to achieve your goals, consult a third party to keep you on track.

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Setting realistic goals or long-lasting commitment contracts is necessary for long-term results.

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