Categories:
Behavioral Economics
Economic Methods
A great practical idea from Eliezer Yudkowsky:
Betting
Therapy” should be a thing. You go to a betting therapist and describe
your fears – everything you’re afraid will happen if you do X – and
then the therapist offers to bet money on whether it actually happens to
you or not. After you lose enough money, you stop being afraid.
I wonder how well Betting Therapy would do in a race against Exposure Therapy. Someone who knows more should bet on this…
READER COMMENTS
Silas Barta
Jul 14 2013 at 7:36pm
Sounds like private (and money losing) unemployment insurance. “Counselor, I’m afraid I’ll lose my job.” “Ooh, guess I was right. Pay up.”
Joshua
Jul 14 2013 at 9:37pm
“Doctor, I’m afraid I’m a gambling addict.”
Peter
Jul 15 2013 at 3:35am
Wouldn’t you need to use exposure therapy for betting therapy? How else would you settle the bets?
Comments are closed.