When a sophisticate binds himself to a path of action using a commitment mechanism, at every period $t$, he sees that he is better off with the commitment mechanism than without.

Question

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A sophisticate understands his future self might deviate from long-term goals due to temptation or lack of self-control. While a commitment mechanism helps align future actions with long-term goals, at any given period $t$, the sophisticate might feel he would be better off in the short term without the commitment if it restricts his immediate desires, even though he acknowledges its overall benefit.

When a Sophisticate Binds Himself to a Path of Action ttt

When a Sophisticate Binds Himself to a Path of Action $t$