A Commitment Device Is

question 39

Multiple Choice

A commitment device is:

• A)an arrangement an individual enters into to help fulfill a plan for future behavior that would otherwise be difficult.
• B)only effective if it is a legally enforceable contract.
• C)a mechanism that helps one individual commit another individual to a particular decision or plan.
• D)a strategy for overcoming the problem of undervaluing opportunity costs.

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Definitions:

E-text Display

Electronic devices or systems used to visually display text, often utilizing technology like E Ink to mimic the appearance of printed paper.

Online Reputation

Information available about you in cyberspace that can influence people’s opinions of you in the real world.

Cyberspace

A conceptual digital space where online communication, networking, and internet activities occur.

Wayback Machine

A digital archive of the World Wide Web, allowing users to see archived versions of web pages across time.