I don't get one thing - the violation of Guaranteed Payoffs in case of precommitment. If I understand correctly, the claim is: if you precommit to pay while on desert, then you "burn value for certain" while in the city. But you can only "burn value" / violate Guaranteed Payoffs when you make a decision, and if you successfully precommited before, then you're no longer making any decision in the city - you just go to the ATM and pay, because that's literally the only thing you can do.
Hey, this post is great - thank you.
I don't get one thing - the violation of Guaranteed Payoffs in case of precommitment. If I understand correctly, the claim is: if you precommit to pay while on desert, then you "burn value for certain" while in the city. But you can only "burn value" / violate Guaranteed Payoffs when you make a decision, and if you successfully precommited before, then you're no longer making any decision in the city - you just go to the ATM and pay, because that's literally the only thing you can do.
What am I missing?