Commitment Device

The idea was developed by economist Thomas Schelling in “The Strategy of Conflict” (1960), who analyzed the power of binding your own hands; the classic illustration is Odysseus ordering himself tied to the mast to resist the Sirens. The term became standard in behavioral economics.

  1. noun phrase · /kuh-MIT-munt dih-VYS/

    A voluntary arrangement you set up in advance to lock in future good behavior by making the alternative costly or impossible.

    A practical tool for outsmarting your future self — the app that donates your money if you skip the gym, the vacation deposit you cannot refund, the friend you authorize to hide your phone.

    She uses a commitment device that publicly posts her progress, so quitting would mean admitting it to everyone.

    It is the engineered answer to hyperbolic discounting, our tendency to overvalue immediate rewards; the device removes the tempting option before your short-term self can grab it.