Pre commitment is
A) A solution for dynamic inconsistency
B) A choice that removes future options
C) A way to avoid "bad" choices by restricting future options
D) All of these

Question

Quizplus · Accepted Answer

Pre-commitment is a choice or decision made in advance that restricts future options or opportunities. It is often used as a solution for dynamic inconsistency, which is the tendency to make choices that are inconsistent with long-term goals. By pre-committing to a certain course of action, individuals can avoid making bad choices in the future. Therefore, all of the options are correct as they all capture different aspects of pre-commitment.

Pre Commitment Is