Ted Frank and Ray Lehmann are taking the Stickk approach to weight loss to an extreme. For every pound less than 60 (!) that Ray fails to lose in the next 9 months he has agreed to pay Ted, $1000. Thus as much as $60,000 is on the line. Ted has made the same bet with Ray. The world has been put on notice.
Now this does raise an interesting prisoner’s dilemma problem, with Ted and Ray as the prisoners. If the prisoners can agree to "cooperate" they could both eat and lose neither weight nor money. But with $1000 per pound at stake can Ray count on Ted not to cheat on his diet by dieting (and vice-versa)? But in this context is cooperation really cooperation or is it just joint self-sabotage? A true dilemma. But I have a solution.
I stand ready to be Leviathan! As a service to my friends, I propose that Ted and Ray pay me $1000 for every pound less than 60 that they fail to lose. Hell, out of the goodness of my heart, I will pay each of them $500 upfront for the honor of being Leviathan. Now that is an incentive!
Need I tell you that Ted and Ray are long-time loyal MR readers?