Precommitting to lose $18,000 if you (publicly) change your mind is a really good way to make sure you don’t do so.
ETA: Looks like it’s a $9,000 precommit, not $18,000. See this comment. I still find this pretty funny.
He’s actually only going to lose $9000 in that situation—half the money comes from someone matching his offer. (Unless he just made that person up to have an excuse for doubling the stakes, I guess, but that seems improbable.)
Precommitting to lose $18,000 if you (publicly) change your mind is a really good way to make sure you don’t do so.
ETA: Looks like it’s a $9,000 precommit, not $18,000. See this comment. I still find this pretty funny.
He’s actually only going to lose $9000 in that situation—half the money comes from someone matching his offer. (Unless he just made that person up to have an excuse for doubling the stakes, I guess, but that seems improbable.)