Precommitment

Behavioral Economics concept

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 to them at a future time. Precommitment may also involve imposing obstacles or additional costs to certain courses of action in advance. Agents may precommit themselves when they predict that their preferences will change but wish to ensure that their future actions will align with their current preferences.

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