MODELS
← Browse the encyclopedia

Encyclopedia · Free preview

Commitment Devices

A commitment device locks your present self into a future course of action, removing the option of later defection. Odysseus binding himself to the mast to resist the Sirens is the archetype. Modern examples: staking money at StickK (forfeit to a despised charity if you fail), deleting social media apps, publicly announcing goals to leverage reputation, automating savings transfers before you see money. Thomas Schelling formalized the concept: a commitment device is rational precisely because it acknowledges irrationality—your present self knows your future self will act against your interests, so you preemptively constrain future choices.

When to use it

When you know what to do but repeatedly fail to follow through. When present-self and future-self have conflicting interests (eating, spending, working). When procrastination costs are high but consequences are delayed. When designing systems that need to function despite human weakness.

How it can help

For knowledge workers who understand what they should do but consistently fail to do it, commitment devices bridge the intention-action gap. Practical examples: give a friend a post-dated check payable to a cause you dislike, forfeited if you miss a deadline. Use website blockers (Cold Turkey, Freedom) to make distraction technically impossible during work blocks. Tell your team about a deadline before it's firm to make it feel firm. Automate every financial behavior you've already decided on (savings, investments, bill payments). The key insight is that needing a commitment device isn't weakness—it's self-aware rationality about the predictable failure of future willpower.

Keep exploring

Read the full page.

Create your free access to continue reading and explore the complete library.

Register free with ChatGPT →

Already registered? Use the same button to sign in.

Sign-in shares your email with Michael Simmons to create your site access. No payment required. Newsletter signup is separate. How your data is used