Principlev1PR-328
Use commitment devices (precommitments that constrain future
Use commitment devices (precommitments that constrain future options) to bind your future self when present and future incentives diverge.
Why This Is a Principle
Grounded in Humans discount future rewards hyperbolically rather… (hyperbolic discounting), The human brain treats the future self as neurologically… (brain treats future self as distinct), and Losses loom larger than equivalent gains in human… (losses loom larger). Precommitment exploits loss aversion to overcome temporal inconsistency.