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Today in #crediblecommitments :
Kenneth Shepsle's excellent chapter, "Discretion, Institutions, and the Problem of Government Commitment" (1991) http://14.139.206.50:8080/jspui/bitstream/1/1403/1/Bourdieu%26Coleman%20-%20Social%20Theory%20for%20a%20Changing%20Society.pdf
Kenneth Shepsle's excellent chapter, "Discretion, Institutions, and the Problem of Government Commitment" (1991) http://14.139.206.50:8080/jspui/bitstream/1/1403/1/Bourdieu%26Coleman%20-%20Social%20Theory%20for%20a%20Changing%20Society.pdf
It's really incredibly good and at only 20 pages, it's a must-read for anyone interested in smart contracts (looking at you, lawyers). Here are some highlights:
1) The ability to commit often (not always) gives a person *more* opportunities, even though they are limiting their own behavior by committing. 
