[samatman]

$5k is a high strike price, but this is the point of a commitment device.

By putting a cost on failure, you can sort between "I genuinely no longer want to do this" and "I'm getting akrasia because doing things is hard and quitting is easy".

If you've made the cost of walking away higher than the expected value of the commitment (five grand would be a lot of money to make on many books), you should have some strong, intrinsic reason for it.

[philwelch]

Thanks for introducing me to the word “akrasia”!

[kian]

Read "Breakdown of Will" by George Ainslie, if this is your first introduction to that word.