Welcome again to that time of year — the resolutions have been made and likely already broken, and those contests at work (Whoever loses the most weight wins the money!) are going full swing.
What do you think about this?
A New Weight-Loss Plan: Getting Paid to Shed Pounds.
A new site will pay overweight members $100 if they slim down and up to $1,000 if they put some of their own money on the line.
I know I blogged about this topic before, "getting paid to lose weight," but to find it? Yeah.
Thing is, it works. A little. For a while.
Financial Incentive–Based Approaches for Weight Loss
Kevin G. Volpp, MD, PhD; Leslie K. John, MS; Andrea B. Troxel, ScD; Laurie Norton, MA; Jennifer Fassbender, MS; George Loewenstein, PhD
Context Identifying effective obesity treatment is both a clinical challenge and a public health priority due to the health consequences of obesity.
Objective To determine whether common decision errors identified by behavioral economists such as prospect theory, loss aversion, and regret could be used to design an effective weight loss intervention.
Design, Setting, and Participants Fifty-seven healthy participants aged 30-70 years with a body mass index of 30-40 were randomized to 3 weight loss plans: monthly weigh-ins, a lottery incentive program, or a deposit contract that allowed for participant matching, with a weight loss goal of 1 lb (0.45 kg) a week for 16 weeks. Participants were recruited May-August 2007 at the Philadelphia VA Medical Center in Pennsylvania and were followed up through June 2008.
Main Outcome Measures Weight loss after 16 weeks.
Results The incentive groups lost significantly more weight than the control group (mean, 3.9 lb). Compared with the control group, the lottery group lost a mean of 13.1 lb (95% confidence interval [CI] of the difference in means, 1.95-16.40; P=.02) and the deposit contract group lost a mean of 14.0 lb (95% CI of the difference in means, 3.69-16.43; P =.006). About half of those in both incentive groups met the 16-lb target weight loss: 47.4% (95% CI, 24.5%-71.1%) in the deposit contract group and 52.6% (95% CI, 28.9%-75.6%) in the lottery group, whereas 10.5% (95% CI, 1.3%- 33.1%; P = .01) in the control group met the 16-lb target. Although the net weight loss between enrollment in the study and at the end of 7 months was larger in the incentive groups (9.2 lb; t = 1.21; 95% CI, –3.20 to 12.66; P = .23, in the lottery groupand 6.2 lb; t = 0.52; 95% CI, –5.17 to 8.75; P = .61 in the deposit contract group) than in the control group (4.4 lb), these differences were not statistically significant. However, incentive participants weighed significantly less at 7 months than at the study start (P = .01 for the lottery group; P = .03 for the deposit contract group) whereas controls did not.
Conclusions The use of economic incentives produced significant weight loss during the 16 weeks of intervention that was not fully sustained. The longer-term use of incentives should be evaluated.
A little motivation in the form of cash is like a dangling carrot, I feel it would be motivating enough for a while… but eventually wear off. What about you? Is money motivating enough to get YOU going? How much would it take for you to GET TOTALLY SERIOUS ABOUT IT AND FOLLOW THROUGH?
I already know my answer. No. The money isn't going to do it, unless it comes with a personal trainer, an we all know that isn't always the answer either, enter in Oprah and TBL Fails I have already been in this position several times, friendly competition with family or friends and through this blog. Fail. Even with a substantial dangling carrot, MM doesn't diet well for payment.
MM cannot be The Taco Bell Fresco Diet Girl, she'd run in and ask for Sour Cream on her naked taco.