Daniel Goldstein Quotes
I was creating commitment devices of my own long before I knew what they were. So when I was a starving post-doc at Columbia University, I was deep in a publish-or-perish phase of my career. I had to write five pages a day towards papers, or I would have to give up five dollars.
Goldstein, Daniel. "The Battle Between Your Present and Future Self." TED, Nov. 2011, www.ted.com/talks/daniel_goldstein_the_battle_between_your_present_and_future_self.
They lost. Sweden had a combination of a high standard of living, a very robust and effective social safety net and a high marginal income tax rate. For Swedes who do not work, life is far better than for employed people in most other countries. For those who work, they pay a large proportion of their earnings as taxes. So the very hard worker is left with comparatively little advantage over non workers. Conservatives have always warned that this is a formula for economic stagnation as few people will work. The reality in Sweden and a few other nations, is that the vast majority of the Swedes choose to work—but they work not to survive, but for reasons which range from interest in their work, the social interaction of the workplace, the desire to create things and make a difference in society. Even in America there are many who work who do not need the money and are motivated by non-monetary factors.
Daniel G. Goldstein (born 1969) is an American cognitive psychologist known for the specification and testing of heuristics and models of bounded rationality in the field of judgment and decision making. He is an honorary research fellow at London Business School and works with Microsoft Research as a principal researcher.
