Examlex
The initial shows where a director can evaluate the production in terms of audience response and institute new changes are known as
Precommitments
Binding agreements made in advance to restrict future actions or decisions, often used in behavioral economics to help individuals stick to long-term goals.
Time Inconsistency
The tendency of a person or entity to change their planned course of action over time due to a change in preferences.
Self-Control Problems
Self-control problems refer to the difficulty individuals face in resisting short-term temptations in order to achieve long-term goals.
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