Causal commitment is similar in some ways to counterfactual/updateless decisions. But it’s not actually the same from a theory standpoint.
Betting requires commitment, but it’s part of a causal decision process (decide to bet, communicate commitment, observe outcome, pay). In some models, the payment is a separate decision, with breaking of commitment only being an added cost to the ‘reneg’ option.
Causal commitment is similar in some ways to counterfactual/updateless decisions. But it’s not actually the same from a theory standpoint.
Betting requires commitment, but it’s part of a causal decision process (decide to bet, communicate commitment, observe outcome, pay). In some models, the payment is a separate decision, with breaking of commitment only being an added cost to the ‘reneg’ option.