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.””
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.
Use contracts to lock in good habits.
Themes
Mood
Type
When to use this quote
- relationship planning
- financial decisions
- personal goals
Key Concepts
Questions to Reflect On
- How can you design personal commitments that feel empowering?
- What risks arise when relying on legal contracts for self‑control?
People may resist formal agreements due to fear of loss of freedom.