Via Tyler Cohen’s Marginal Revolution comes this amusing anecdote — and, perhaps, helpful example — from the life of Peter Orszag, Obama’s very brainy budget director. To motivate himself to train for a marathon, he somehow set up a penalty if he didn’t hit his training targets: His credit card would make a contribution to a charity or cause he hated:
]”If I didn’t achieve what I wanted to, a very large contribution would automatically come out of my credit card and go to a charity that I very much didn’t support,” Orszag says of his training strategy. “So that was a very strong motivation, as I was running through mile 15 or 16 or whatever it was, to remind myself that I really didn’t want to give the satisfaction to that charity for the contribution.”
Original source is here.