A Commitment Device Is

question 98

Multiple Choice

A commitment device is:

• A) an arrangement entered into by an individual with the aim of helping fulfill a plan for future behavior that would otherwise be difficult.
• B) a way to deal with time inconsistency.
• C) something that helps people conquer their vices.
• D) All of these are true.

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Definitions:

Capabilities

Refers to the abilities or qualities necessary to achieve a particular task or to perform a specific function.

Cognitive Abilities

Mental capabilities that include thinking, reasoning, problem-solving, and planning.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Behavior

The actions or reactions of an individual, in response to external or internal stimuli, observable by others.