Posted by on Jan 1, 2018 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Christophe Vorlet

 

 

 

By Jason Zweig | Dec. 29, 2017 10:30 am ET

 

Don’t resolve to do something so easy it doesn’t require a resolution, nor something so hard no resolution could make it achievable. Resolutions are for raising the bar, not for laying the bar on the ground and hopping over it or for putting the bar too high for anyone to reach.

Make all your resolutions in public. The fear of social pressure, whether it materializes or not, will help you keep your word, since you are pledging not just to yourself but to others….

To read the rest of the column: The Wall Street Journalhttp://on.wsj.com/2lsq4Vt

 

 

 

 

 

 

For further reading:

Books:

Jason Zweig, Your Money and Your Brain, especially Chapter Four, “Prediction”

Articles:

Gharad Bryan et al., “Commitment Devices” (Annual Review of Economics, 2010)

Dan Ariely and Klaus Wertenbroch, “Procrastination, Deadlines, and Performance: Self-Control by Precommitment” (Psychological Science, 2002)

Piers Steel, “The Nature of Procrastination: A Meta-analytic and Theoretical Review of Quintessential Self-Regulatory Failure” (Psychological Bulletin, 2007)

Just Do It

Structured Serendipity

Saving Investors from Themselves

A (Long) Chat with Peter L. Bernstein

A Portrait of the Investing Columnist as a (Very) Young Man

Tie Me Down and Make Me Rich