Com­mit­ment Mechanisms

TagLast edit: 3 Feb 2021 8:11 UTC by Yoav Ravid

A Commitment Mechanism is a tool or technique that lets people pre-commit to something. an assurance contract is a Pre-Commitment done between several people which is conditional on other people also pre-committing.

Many commitment mechanisms incentivize following through on a commitment by penalizing failures to do so. For example, having to pay some amount of money, or automatically posting an announcement to your social media that you failed.

See also:

“Cheat to Win”: Eng­ineer­ing Pos­i­tive So­cial Feedback

sarahconstantin5 Feb 2018 23:16 UTC
161 points
36 comments2 min readLW link

Mak­ing a Crow­dac­tion platform

Bob Jacobs16 May 2020 16:08 UTC
20 points
9 comments5 min readLW link

Ideas for an ac­tion co­or­di­na­tion website

Yoav Ravid8 Mar 2019 13:32 UTC
17 points
36 comments5 min readLW link

[Question] Why aren’t as­surance con­tracts widely used?

Daniel Kokotajlo1 Dec 2019 0:20 UTC
31 points
14 comments1 min readLW link

Ex­tract­ing Value from Inad­e­quate Equilibria

eapache18 May 2020 17:25 UTC
49 points
12 comments2 min readLW link
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