Examlex
What is the purpose of the Setup program?
Future Self
The concept of envisioning oneself in the future, often used in psychology and financial planning to motivate current actions that benefit one's future.
Precommitments
Actions or commitments made in advance to strategically constrain one's future actions or choices, often used to achieve a desired outcome.
Utility Maximization
The principle that individuals or firms aim to achieve the highest level of satisfaction or benefit from their choices, given their resources.
Opportunity Cost
is the value of the best alternative forgone when a choice is made between competing options, representing the trade-offs associated with every decision.
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