Warren Buffett Feared Gaining Weight

question 2

Multiple Choice

Warren Buffett feared gaining weight. To keep himself from eating too much, he gave unsigned checks for $10,000 to his children, promising to sign them if he exceeded his desired weight by a certain date. This is an example of:

• A) an abductive decision.
• B) sunk costs.
• C) an inductive decision.
• D) a precommitment strategy.