Warren Buffett feared gaining weight. To keep himself from eating too much, he gave unsigned checks for $10,000 to his children, promising to sign them if he exceeded his desired weight by a certain date. This is an example of:

Question

Quizplus · Accepted Answer

This is an example of a precommitment strategy, where Buffett set up a consequence (signing the checks) to deter himself from exceeding his desired weight, thus committing to his goal in advance.

Warren Buffett Feared Gaining Weight