lu.se

Nationalekonomiska institutionen

Ekonomihögskolan vid Lunds universitet

Seminar in Microeconomics: Devon Spika

Seminarium

Devon Spika, Lund University Title: “Put a bet on it: Can self–funded commitment contracts curb fitness procrastination?”

Devon Spika will present “Put a bet on it: Can self–funded commitment contracts curb fitness procrastination?” (with Ulf Gerdtham, Erik Wengström and Linnea Wickström-Östervall, abstract below)

Abstract: “This paper investigates the use of self-funded deposit commitment contracts to support individuals in achieving their goals of increased physical activity. Using a randomised experiment with members of a large gym in Stockholm we investigate whether being offered a commitment contract with or without the opportunity to add stakes can enable individuals to achieve their fitness goals. We find a significant positive impact of being offered a commitment contract with stakes on monthly visits to the gym and the probability of meeting one’s contract goal. We collect information on self-control and time preferences and are able to investigate the importance of these individual characteristics for commitment contract demand and successful completion. Our experiment adds to the literature on the use of commitment contracts for behaviour change and helps shed light on the importance of financial stakes versus the actual act of setting up a contract.”

 
19 april 2021
13:15–14:15

Lokal

This is an online meeting.

Kontakt

Roel van Veldhuizen

roel.van_veldhuizen@nek.lu.se