Commitment Devices Are Necessary When

question 68

Multiple Choice

Commitment devices are necessary when:

• A)people cannot correctly identify their dominant strategy.
• B)players cannot trust that other players will avoid playing a dominated strategy.
• C)following through on a threat or promise is not in a player's best interest.
• D)commitments cannot be purchased.

---

Definitions:

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Inconsistent Sense of Self

Refers to an individual's fluctuating perception and understanding of their own identity and characteristics over time.

Big 5 Personality Traits

A model outlining five broad dimensions used to describe human personality: openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism.

Inherited Predispositions

Genetic tendencies or characteristics passed down from parents to their offspring, influencing various aspects of an individual's traits and behaviors.