Pre-commitment is:
A) a solution for dynamic inconsistency.
B) a choice that increases the number of future options.
C) a way to force "bad" choices by removing future good options.
D) All of these are true about pre-commitment.

Question

Quizplus · Accepted Answer

Pre-commitment is a solution for dynamic inconsistency, which means the tendency to change one's mind over time due to different preferences or incentives at different points in time. By pre-committing to a certain action or decision, individuals can avoid this problem and stick to their original plan. B and C are not true about pre-commitment.

Pre-Commitment Is