Commitment Devices - Are They a Tool to Constrain Us?

A commitment device is a tool that an dual uses to actually constrain their future selfd and change the incentives they'll face in a way that will help them achieve their goals. For instance, smokers who are trying to quit can put cash on the line if they don't pass a nicotine coten urine test. People who have access to savings accounts where they literally can't take their money out until they've achieved a certain saving school reached a pre set date save about 80 % more year over year.