commitment device meaning - Search
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    Summary

    A commitment device is, according to journalist Stephen J. Dubner and economist Steven Levitt, a way to lock oneself into following a plan of action that one might not want to do, but which one knows is good for oneself. In … See more

    Overview

    The term "commitment device" is used in both economics and game theory. In particular, the concept is relevant to the fields of economics and especially the study of decision making.
    A common … See more

    Methods

    • Create larger obstacles to temptations to increase the costs of temptations.
    • Make one's commitment public, so one's reputation may be affected.
    • Make a bet or monetary contract with someone to increase th… See more

    Challenges

    It can be challenging to promote uptake of commitment devices. In the field of health, for example, commitment devices have the potential to increase patient adherence to their health goals, but utilization of these techniques … See more

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