As it turns out, the
industrial organization of siblings is a lot like that of Congress when
logrolling is involved and committees are not. Much like in Congress,
logrolling agreements between siblings are dangerous because of the lack of explicit
contract and lack of paper trail. The Schulz family needs to come up with
the equivalence of a committee system to solve the “logrolling” problems that
occur in agreements between myself and my two siblings, Olivia and Jack.
Last winter break I went
home with a desire to get back into a good exercise routine. Knowing that I
needed an accountability partner, I asked Jack to workout with me each morning starting
the day after Christmas and ending when I returned for the start of spring
semester. He agreed to be my workout partner as long as I let him use my car on
New Year’s Eve. Agreeing to these terms, Jack and I started working out together
every morning. On New Year’s Eve, Jack used my car just as we had agreed. Then,
come January 2nd (because let’s be real—we weren’t going to work out
on New Year’s morning), Jack was still in bed when the time of our workout came
around. He informed me that he would no longer be my workout partner—he simply
didn’t see the value in carrying on our agreement after he was able to use my
car. This was a perfect (and disappointing) example of noncontemporaneous benefits flows. The benefits flowing from our
agreement occurred over different time horizons: mine were constant over the
multiple weeks of winter break while Jack’s were constrained to one night.
Therefore, once Jack’s benefits were realized, he felt no pressure to continue
on with our agreement.
Don’t cry for me, guys. I’m
guilty of my own agreement betrayals. Going home gives Olivia and me plenty of
opportunities to go to the restaurants that we miss going to while at school.
My favorite restaurant, Paul’s, and Olivia’s favorite restaurant, Peking, are
often pitted against one another in the family debates on where to eat out for
dinner. One evening when my craving for Paul’s was particularly high, I asked
Olivia to vote for Paul’s, assuring her that next time we went out I would
vouch for Peking. Olivia, the reliable partner that she is, was the swing vote
that got us to Paul’s that night. Satisfied, I quickly forgot about our agreement.
Two weeks later, when another vote on where to go to dinner came up in our
family group message, I voted for Plaza Azteca. Jack also voted for Plaza;
Olivia, not paying attention to her phone, was outraged when she realized that
we had decided to go to Plaza without her vote (hey, majority rules). This
instance of nonsimultaneous exchange
occurred because the votes did not come up at the same time. Unwittingly, I
demonstrated ex post opportunism by
backing out of my promise to vote for Olivia’s restaurant when the opportunity
arose.
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