Skip to content

Law Quote by Richard H. Thaler

“We can even see the legal institution of marriage as a precommitment strategy, not unlike that of Ulysses in approaching the Sirens, in which people knowingly choose a legal status that will protect them against their own errors.” quote by Richard H. Thaler
Download Open image
““We can even see the legal institution of marriage as a precommitment strategy, not unlike that of Ulysses in approaching the Sirens, in which people knowingly choose a legal status that will protect them against their own errors.””

Richard H. Thaler

About This Quote

Source Speech: Lecture on Behavioral Economics, 2015

Marriage can act as a commitment device, similar to mythic strategies that help people avoid self‑sabotage.

In simple terms: Marriage as a self‑control tool.

Key Takeaway

Use contracts to lock in good habits.

Themes

commitment self‑control marriage behavioral economics

Mood

reflective analytical

Type

philosophical motivational

When to use this quote

  • relationship planning
  • financial decisions
  • personal goals

Key Concepts

pre‑commitment strategic choice

Questions to Reflect On

  • How can you design personal commitments that feel empowering?
  • What risks arise when relying on legal contracts for self‑control?
A Different Perspective

People may resist formal agreements due to fear of loss of freedom.

2.5 out of 5 (6 ratings)

More by Richard H. Thaler

Explore all 84 Richard H. Thaler quotes

More Law quotes

Browse all 16,973 Law quotes