TLDR: We built Beeminder for effective charities. Access it here.
Commitment Contracts donât work with effective charities
Commitment Contracts are simple: You commit to pay money if you donât do something. Then, when you donât do the thing, you pay the company offering these contracts. This hurts, and thatâs why it works.
Commitment Contracts are surprisingly effective for behaviour change: A large-scale study from stikK showed that contracts with money staked are 60 percentage points more likely to succeed.
Thatâs why there are plenty of organisations offering commitment contracts already: Beeminder, stickK, and forefeit. However, they either take the staked money or donate it to a portfolio of average NGOs.
We built an app that fixes that
We developed an app that applies this concept but donates the staked money to effective charities. It takes two minutes to set up and works in your browser and on your phone.
Worried that itâll be less effective that way? Youâre right. Itâll âhurt lessâ than donating the money to the NRA. But thatâs easy to fix. Just stake more money, and itâll hurt just the same.
Not sure thatâs the best way to change behaviour? Youâre right again. Check out our full post on behaviour change. Commitment Contracts should only be part of it. But it can be a great boost.
Give it a try
Access it here, it takes two minutes to set up.
This was built by Cameron and Christoph đ¸. We used to be accountability buddies long ago, did AIMâs Founding to Give program together last year, and wrote weekly posts about effective habits for a good life.
Iâll give it a try !
Open question: would it be useful to frame this an âimpact insuranceâ for people in impactful careers?
As in:
-I expect this goal to be good for the world (say ~100 WELLBYs in expectation)
-If I donât achieve this goal, then I definitely owe something thatâs a least comparably good for the world (say ~$200 to PureEarth (since Iâve chosen WELLBYs))
(or maybe at least half as good)
I think using it this way could help people who have a real hesitation between impactful work and impactful donations.