Public pledges are a form of “soft” commitment that increase the psychological cost of failing to meet your goals. They are surprisingly effective, though not as effective as “hard” commitments, which involve more tangible penalties or restrictions. The costs we can impose on ourselves to help with goal achievement range from soft penalties (such as announcing goals or deadlines publicly) to hard penalties (such as having to hand over cash should we fail). There are also soft restrictions (such as eating from a smaller plate) and hard restrictions (such as putting our money in a locked savings
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