Which of the Following Is an Example of a Commitment

question 35

Multiple Choice

Which of the following is an example of a commitment device?

• A) Lu-yin has part of each paycheck deposited in a vacation savings account
• B) Tassili is indifferent between (a) paying $1 in three years and receiving $2 in four years or (b) paying $1 today and receiving $2 next year
• C) Frank eats a piece of cake today and saves the rest of the cake for eating later

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Definitions:

Absolute Threshold

The smallest quantity of a stimulus that an individual can detect.

Difference Threshold

The minimal change in a stimulus that can just barely be detected by an organism.

Difference Threshold

The minimum difference in stimulation that a person can detect 50% of the time, also known as the "just noticeable difference" (JND).

Energy

The capacity to do work or the power derived from the utilization of physical or chemical resources.