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The findings inspired Karlan to set up a website devoted to helping others to launch commitment contracts.
One, StickK, which was founded by two Yale professors and launched in January, 2008, helps people to design commitment contracts for themselves.
So far 45,000 people have used stickK to make commitment contracts, with a success rate, for those who give themselves a financial incentive, above 70%.
Weddings are a compilation of all the things most likely to bring a 29-year-old woman out in hives: commitment, contracts, estranged family and emotions.
Some fascinating research shows how "commitment contracts" enable people to specify rewards or punishments for meeting (or not meeting) their goals, and to recruit friends or others as enforcers.
As an alternative, we propose leveled commitment contracts.
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Could a commitment contract help problem gamblers to stop?
In recent field trials in the Philippines some smokers who wanted to quit were offered a "commitment contract".
The Winners will not enter into on behalf of GNL any commitment, contract or arrangement with any third party.
And while the commitment contract improved gym attendance, only 12% of those offered a chance to sign a contract did so.
A second group, including some of the original participants, was offered the chance to sign a "commitment contract" promising to work out at least once a fortnight for the next eight weeks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com