Commitment Framework
Make a move
The Commitment Framework involves making an unconditional strategic move to alter the game and seize first-mover advantage. This can be achieved by setting a commitment device, such as an alarm clock, to ensure a desired outcome. The framework requires understanding the concept of dominance and how to make strategic moves credible.
- Make a strategic move to alter the game
- Seize first-mover advantage
- Ensure credibility of the commitment
- Identify the GameUnderstand the game you are playing and the desired outcome.Pro tipConsider the potential moves of other playersWarningBe aware of the potential risks and consequences of making a commitment
- Choose a Commitment DeviceSelect a device that will ensure the desired outcome, such as an alarm clock or a meet-the-competition clause.Pro tipConsider the potential responses of other players to the commitment deviceWarningBe aware of the potential costs and drawbacks of the commitment device
- Make the CommitmentMake the strategic move and set the commitment device in place.Pro tipCommunicate the commitment clearly to other playersWarningBe prepared for potential consequences and responses from other players
A person sets an alarm clock to ensure they get out of bed and start their day on time.
A company includes a meet-the-competition clause in their pricing strategy to ensure they remain competitive.
The concept of commitment has been intuitively recognized throughout history, with examples such as Odysseus tying himself to the mast to resist the Sirens' song. Game theory has formalized this concept, with Thomas Schelling developing the idea of changing the game as a central theme of game theory.