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Commitment Device
A commitment device is, according to journalist Stephen J. Dubner and economist Steven Levitt, a way to lock oneself into following a plan of action that one might not want to do, but which one knows is good for oneself. In other words, a commitment device is a way to give oneself a reward or punishment to make what might otherwise become an empty promise stronger and believable. A commitment device is a technique where someone makes it easier for themselves to avoid akrasia (acting against one's better judgment), particularly procrastination. Commitment devices have two major features. They are voluntarily adopted for use and they tie consequences to follow-through failures. Consequences can be immutable (irreversible, such as a monetary consequence) or mutable (allows for the possibility of future reversal of the consequence). Overview The term "commitment device" is used in both economics and game theory. In particular, the concept is relevant to the fields of economics an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Hán Xìn
Han Xin (; ? – early 196 BCE) was a Chinese military general and politician who served Liu Bang during the Chu–Han Contention and contributed greatly to the founding of the Han dynasty. Han Xin was named as one of the "Three Heroes of the early Han dynasty" ( zh, script=Hant, 漢初三傑), along with Zhang Liang and Xiao He. Han Xin is best remembered as one of the most brilliant military commanders in Chinese history, renowned for his exceptional strategic intellect and tactical mastery. His innovative use of deception, maneuver warfare, and battlefield psychology set new standards in military art, with several of his campaigns serving as textbook examples of effective command. Han Xin's application of warfare principles not only exemplified but at times expanded upon the teachings of ''The Art of War'', with some of his tactics giving rise to enduring Chinese idioms. Undefeated in every engagement he commanded, his victories were instrumental in the founding of the Ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Alice Wu
Alice Wu (; born April 21, 1970) is an American film director and screenwriter, known for her films '' Saving Face'' (2004) and '' The Half of It'' (2020). Both of her films feature Chinese-American main characters and explore the lives of intellectual, lesbian characters. A number of production companies offered to buy the script for ''Saving Face'', but Wu opted not to sell it in order to uphold an authentic portrayal of the Taiwanese-American community. ''Saving Face'' and Wu's impact on the industry have paved the way for greater Asian representation in the film industry today. Her work has inspired Asian-American actresses such as Awkwafina and Lana Condor. Early life and education Alice Wu was born in San Jose, California to Taiwanese American immigrant parents. Her family eventually moved to Los Altos, California, where she graduated from Los Altos High School in 1986. She enrolled at the Massachusetts Institute of Technology at the age of 16. She later transferred to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Behavioral Economics
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. Behavioral economics began as a distinct field of study in the 1970s and 1980s, but can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavioral economics is still growing as a field, being used increasingly in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Nudge Theory
Nudge theory is a concept in behavioral economics, decision making, behavioral policy, social psychology, consumer behavior, and related behavioral sciences that proposes adaptive designs of the decision environment (choice architecture) as ways to Social influence, influence the behavior and decision making, decision-making of groups or individuals. Nudging contrasts with other ways to achieve compliance, such as education, legislation or enforcement. The nudge concept was popularized in the 2008 book ''Nudge (book), Nudge: Improving Decisions About Health, Wealth, and Happiness'', by behavioral economist Richard Thaler and legal scholar Cass Sunstein, two American scholars at the University of Chicago. It has influenced British and American politicians. Several nudge units exist around the world at the national level (UK, Germany, Japan, and others) as well as at the international level (e.g. World Bank, United Nations, UN, and the European Commission). There is ongoing debate o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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StickK
stickK.com, LLC is an American internet company that enables users to make commitment contracts in order to reach their personal goals. Service stickK users set up a "commitment contract", a commitment device where they agree to achieve a certain goal, such as losing weight, exercising more, quitting smoking, or conserving energy. They sign a legally binding contract that will send their money to third parties, including either individuals (referred to as "Friend or Foe") or a number of organizations and charities. If users pick "Charity" as a recipient of their forfeited money, stickK selects the charity for the user. Users can also pick a specific organization whose views they oppose referred to as "anti-charities". The site also allows for referees—people selected by the user to help monitor the progress of their contract. When a user submits a report to the website, the referee is asked to confirm the accuracy of the report. Users are also allowed to designate other user ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Hold-up Problem
In economics, the hold-up problem is central to the theory of incomplete contracts, and shows the difficulty in writing complete contracts. A hold-up problem arises when two factors are present: # Parties to a future transaction must make noncontractible relationship-specific investments before the transaction takes place. # The specific form of the optimal transaction (such as quality-level specifications, time of delivery, what quantity of units) cannot be determined with certainty beforehand.Rogerson, W.P. (1992). Contractual Solutions to the Hold-Up Problem. ''The Review of Economic Studies, 4''(59), 777-793. The hold-up problem is a situation where two parties may be able to work most efficiently by cooperating but refrain from doing so because of concerns that they may give the other party increased bargaining power and thus reduce their own profits. When party A has made a prior commitment to a relationship with party B, the latter can 'hold up' the former for the val ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Positive Psychology
Positive psychology is the scientific study of conditions and processes that contribute to positive psychological states (e.g., contentment, joy), well-being, Positive psychology of relationships, positive relationships, and positive institutions. Positive psychology began as a new domain of psychology in 1998 when Martin Seligman chose it as the theme for his term as president of the American Psychological Association. It is a reaction against past practices that tended to focus on mental illness and emphasized maladaptive behavior and negative thinking. It builds on the Humanistic psychology, humanistic movement of Abraham Maslow and Carl Rogers, which encourages an emphasis on happiness, well-being, and Meaningful life, purpose. Positive psychology largely relies on concepts from the Western philosophy, Western philosophical tradition, such as the Aristotle, Aristotelian concept of , which is typically rendered in English with the terms "flourishing", "the good life," or "h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Precommitment
In psychology, precommitment is a strategy or a method of self-control that a person or organisation may use to restrict the number of choices available to them at a future time. Precommitment may also involve imposing obstacles or additional costs to certain courses of action in advance. Agents may precommit themselves when they predict that their preferences will change but wish to ensure that their future actions will align with their current preferences. Precommitment has been studied as a bargaining strategy in which agents bind themselves to one course of action in order to enhance the credibility of present threats. Some scholars have proposed that collective political groups may also engage in precommitment by adopting constitutions that limit the scope of future legislation. Background In two unrelated articles, both published in 1956, Thomas Schelling and R.H. Strotz introduced the concept of precommitment to the study of strategic bargaining and consumer behavior, re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Vanity Fair (magazine)
''Vanity Fair'' is an American monthly magazine of popular culture, fashion, and current affairs published by Condé Nast in the United States. The first version of ''Vanity Fair'' was published from 1913 to 1936. The imprint was revived in 1983 after Conde Nast took over the magazine company. Vanity Fair currently includes five international editions of the magazine. The five international editions of the magazine are the United Kingdom (since 1991), Italy (since 2003), Spain (since 2008), France (since 2013), and Mexico (since 2015). History ''Dress and Vanity Fair'' Condé Montrose Nast began his empire by purchasing the men's fashion magazine ''Dress'' in 1913. He renamed the magazine ''Dress and Vanity Fair'' and published four issues in 1913. It continued to thrive into the 1920s. However, it became a casualty of the Great Depression and declining advertising revenues. Nonetheless, its circulation at 90,000 copies was at its peak. Condé Nast announced in December 193 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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National Rifle Association Of America
The National Rifle Association of America (NRA) is a gun rights advocacy group based in the United States. Founded in 1871 to advance rifle marksmanship, the modern NRA has become a prominent Gun politics in the United States, gun rights lobbying organization while continuing to teach Gun safety, firearm safety and competency. The organization also publishes several magazines and sponsors competitive marksmanship events. The group claimed nearly 5 million members though that figure has not been independently confirmed. The NRA is among the most influential advocacy groups in U.S. politics. The NRA Institute for Legislative Action (NRA-ILA) is its lobbying division, which manages its political action committee (PAC), the Political Victory Fund (PVF). Over its history, the organization has influenced legislation, participated in or initiated lawsuits, and endorsed or opposed various candidates at local, state, and federal levels. Some notable lobbying efforts by the NRA-ILA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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The Half Of It
''The Half of It'' is a 2020 American coming-of-age comedy-drama film written, directed, and co-produced by Alice Wu. It stars Leah Lewis, Daniel Diemer, and Alexxis Lemire, with Enrique Murciano, Wolfgang Novogratz, Catherine Curtin, Becky Ann Baker, and Collin Chou in supporting roles. It is loosely inspired by Edmond Rostand's 1897 play ''Cyrano de Bergerac'', and follows a Chinese-American student helping the school jock woo a girl whom, secretly, they both desire. The film was released worldwide on Netflix on May 1, 2020. It received positive reviews from critics, who mostly praised Wu's direction and screenplay, as well as the performances of Lewis and Diemer. It was honored with the Founders Award for Best U.S. Narrative Feature at the 19th Tribeca Film Festival, while Wu was nominated for Best Screenplay at the 36th Independent Spirit Awards. Plot Ellie Chu lives in the remote town of Squahamish with her grieving widower father, where she performs most of his sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |
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Mutually Assured Destruction
Mutual assured destruction (MAD) is a doctrine of military strategy and national security policy which posits that a full-scale use of nuclear weapons by an attacker on a nuclear-armed defender with second-strike capabilities would result in the complete annihilation of both the attacker and the defender. It is based on the theory of rational deterrence, which holds that the threat of using strong weapons against the enemy prevents the enemy's use of those same weapons. The strategy is a form of Nash equilibrium in which, once armed, neither side has any incentive to initiate a conflict or to disarm. The result may be a nuclear peace, in which the presence of nuclear weapons decreases the risk of crisis escalation, since parties will seek to avoid situations that could lead to the use of nuclear weapons. Proponents of nuclear peace theory therefore believe that controlled nuclear proliferation may be beneficial for global stability. Critics argue that nuclear proliferation i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] [Amazon] |