Remove 2010 Remove Commitment Remove Credit Rating Remove GDP
article thumbnail

Why We Build Fiscal Cliffs

Harvard Business Review

In October, The New Yorker 's James Surowiecki likened this approach to the pre-commitment mechanisms increasingly popular with those who wish to rid themselves of extra pounds or bad habits. So can pre-commitment work again now? But it would work better if we pre-committed to the right things, at the right time. Well, maybe.