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Concept in behavioral economics
In psychology, precommitment is a strategy or a method of self-control that a person or organisation may use to restrict the number of choices available
Precommitment
Device to implement precommitment by restricting one's future options
A commitment device is a mechanism or arrangement that implements precommitment by deliberately restricting one’s own future options in order to make
Commitment_device
Cryptographic scheme
A commitment scheme is a cryptographic primitive that allows one to commit to a chosen value (or chosen statement) while keeping it hidden to others, with
Commitment_scheme
a number of strategies for dealing with this issue. These included precommitment, use of bright line rules, delay tactics, or creating a pre-arranged
Egonomics
Casino gambling machine
Wilkie's support, the Labor government are attempting to implement precommitment technology for high-bet/high-intensity poker machines, against opposition
Slot_machine
American media consultant (born 1960)
Military.com. Retrieved July 14, 2020. Levinson, Sanford (2003). "Precommitment and Postcommitment: The Ban on Torture in the Wake of September 11"
Ari_Fleischer
Painting by Herbert James Draper
Draper's painting as the title for his 1979 book about rationality and precommitment. Menges 2009, p. 56. Impelluso & Zuffi 2003, p. 293. "Ulysses and the
Ulysses and the Sirens (Draper)
Ulysses_and_the_Sirens_(Draper)
1947 collective defense treaty
tb00420.x. Long, Tom; Friedman, Max Paul (December 2020). "The Promise of Precommitment in Democracy and Human Rights: The Hopeful, Forgotten Failure of the
Inter-American Treaty of Reciprocal Assistance
Inter-American_Treaty_of_Reciprocal_Assistance
Ancient Roman virtue
bona fides in Latin Potestas – Latin word meaning power or faculty Precommitment – Concept in behavioral economics Xenia (Greek) – Ancient Greek concept
Gravitas
American stage and film director (1903–1986)
Brigadoon. Gene Kelly and Kathryn Grayson were set to star, though Kelly's precommitments delayed production for two years. During the interim, Grayson departed
Vincente_Minnelli
Prime Minister of Australia from 2010 to 2013
broke the agreement he had signed with Gillard to implement mandatory precommitment for all poker machines by 2014. He stated that he would support the
Julia_Gillard
Avoiding doing a task that needs to be completed
(2002). "Procrastination, Deadlines, and Performance: Self-Control by Precommitment" (PDF). Psychological Science. 13 (3): 219–224. doi:10.1111/1467-9280
Procrastination
American economist (1921–2016)
(Schelling point) Hobbesian trap (Schelling's dilemma) Internality Precommitment Strategic realism Vicarious problem-solving Spence, A. Michael (December
Thomas_Schelling
Israeli-American professor of psychology and behavioral economics (born 1967)
(2002), "Procrastination, Deadlines, and Performance: Self-Control by Precommitment" (PDF), Psychological Science, 13 (3): 219–224, doi:10.1111/1467-9280
Dan_Ariely
Aspect of inhibitory control
that only the self-controlled response leads to the desired outcome. Precommitment actions illustrate this principle. For example, when someone sets an
Self-control
American professor (born 1945)
about love are incapable of it." Similarly, anger can be used as a precommitment device. Frank states that envy can be useful in that it enforces more
Robert_H._Frank
Tendency to act on a whim without considering consequences
long term rewards seem more concrete) and/or creating situations of "precommitment" (eliminating the option of changing one's mind later) can reduce the
Impulsivity
Concept in contract theory and economics
companies that disclose relatively more information. Second, is through precommitment, where actions are undertaken at present to ensure future commitments
Information_asymmetry
Economic policies for developing nations
situations in which the lack of discretion will cause large losses, a precommitment device can actually make things worse". In chapter 7 of its report (Financial
Washington_Consensus
Norwegian social and political theorist
Emotions (Cambridge, 1999) Ulysses Unbound: Studies in Rationality, Precommitment, and Constraints (Cambridge, 2000) Closing the Books: Transitional Justice
Jon_Elster
Brazilian-American economist (born 1948)
very different work with David Kreps in 1983 showing that "Quantity precommitment and Bertrand competition yield Cournot outcomes" and thus providing
José_Scheinkman
Long and Friedman describe the Larreta doctrine as, "a tripartite precommitment mechanism to create a web of national commitments to democratic governance
Eduardo_Rodríguez_Larreta
American screenwriter and filmmaker
automation and leisure life". It was postponed, however, due to Poitier's precommitment with another film. That same month, Harris announced plans to adapt
James_B._Harris
1997 United States Supreme Court case
for the indefinite detention of large numbers of criminals: "[T]he precommitment requirement of a 'mental abnormality' or 'personality disorder' is consistent
Kansas_v._Hendricks
Economic dilemma
Contingent value rights Earnout Strip financing Contract theory Game theory Precommitment Specific asset Theory of the firm Vertical monopoly Rogerson, W.P. (1992)
Hold-up_problem
Australian politician (born 1959)
for Wilkie's support, the Gillard government legislated for mandatory precommitment technology which would require people using high-bet machines to pre-commit
Nick_Xenophon
Term in law and economics
agreement may just be illegal because it violates a statutory prohibition. Precommitment Eisenberg, Melvin A. (2018), "Incomplete Contracts", Foundational Principles
Incomplete_contracts
Australian Catholic priest (1954–2025)
support of a campaign by Clubs Australia against proposed mandatory precommitment limits for poker machines. Riley expressed his concern saying that a
Chris_Riley_(priest)
2010 book by Serbian Vlatko Vedral
networks expose them to more chances to make choices they want. Schelling precommitment as strategy in social and self-control, for example burning your bridges
Decoding_Reality
Reduction of bias
; Maroba, J.; Patel, D.; Ariely, D. (3 January 2014). "Healthier by Precommitment". Psychological Science. 25 (2): 538–546. doi:10.1177/0956797613510950
Debiasing
American legal scholar
Transitions, Opportunistic Retroactivity, and the Benefits of Government Precommitment, 94 Mich. L.Rev. 1129, 1146 (1996))). "The First-Party Insurance Externality:
Kyle_D._Logue
Form of cognitive bias relating to currency
to alter future behavior, noting a large denomination can serve as a precommitment mechanism to prevent the urge to spend compared to small denominations
Denomination_effect
1996 United States Supreme Court case
Review. 25: 567. ISSN 0092-430X. Goldberg, Daniel S. (1997). "Government Precommitment to Tax Incentive Subsidies: The Impact of United States v. Winstar Corp
United States v. Winstar Corp.
United_States_v._Winstar_Corp.
Czechoslovak-born Swiss immunologist (born 1937)
doi:10.1002/eji.1830020412. PMID 4563349. Lefkovits, Ivan (1974). "Precommitment in the immune system". Current Topics in Microbiology and Immunology
Ivan_Lefkovits
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Boy/Male
French, German
Renowned Warrior's Son; From Lorraine; Son of the Famous Warrior
Boy/Male
Tamil
Protector of religion
Girl/Female
Tamil
The initial reality
Boy/Male
Hebrew
Dearly loved.
Surname or Lastname
English and Scottish
English and Scottish : occupational name for a woodcutter or a forester (compare Woodward), or topographic name for someone who lived in the woods.English and Scottish : possibly from the Old English personal name Wudumann.
Boy/Male
Tamil
Chidarth | சீதாரà¯à®¤
Female
Greek
(ῬεβÎκκα) Greek form of Hebrew Ribqah, RHEBEKKA means "ensnarer." In the bible, this is the name of the wife of Isaák.
Girl/Female
Hindu, Indian
Goddess Laxmi; Beautiful Loving Memory
Male
Hebrew
 Variant spelling of Hebrew Chebrown, CHEVRON means "alliance, association."Â
Surname or Lastname
English
English : name for someone who was related to an important local personality, from Middle English maugh, maw ‘relative’, especially by marriage (from Old English mÄge ‘female relative’). In the north of England this term was used more specifically to mean ‘brother-in-law’.English : topographic name from Middle English mawe ‘meadow’. Some early forms, such as Sibilla de la Mawe (Suffolk 1275), clearly indicate a topographic origin, by reason of the preposition and article.English : probably also from a Middle English personal name, Mawe, Old English MÄ“awa, perhaps originally a byname from Old English mÇ£w ‘sea mew’, ‘seagull’ (compare Mew).
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