Sophia Would Like to Reduce the Amount of Time She

question 104

Multiple Choice

Sophia would like to reduce the amount of time she spends on her phone, but she finds it difficult to stop her behavior. She decides to install an app that limits screen time. If she wants to continue using her phone when the time limit is up, she'll have to uninstall the app. This is an example of:

• A)the sunk cost fallacy.
• B)a commitment device.
• C)time fungibility.
• D)re-valuing time preferences.

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Definitions:

Real-Time Data

Information that is delivered immediately after collection, with no delay in the timeliness of the information provided.

Process Optimization

The practice of making adjustments or improvements to a process to increase its efficiency, effectiveness, or both.

Information Technologies

Utilizing computers, storage mechanisms, communication networks, and other tangible tools, infrastructure, and methods for the production, processing, preservation, protection, and distribution of all types of electronic information.

Cost-Efficient Sharing

A strategy that aims to reduce costs through the shared use of resources, services, or infrastructure.