Precommitments are a tool designed to overcome time inconsistency.
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Q26: Precommitments must impose costs on people to
Q27: According to behavioral economists, people tend to
Q28: According to behavioral economists, self-control problems generally
Q29: Isolating transactions from the overall set of
Q30: Anchoring leads people to consider irrelevant information
Q32: Time inconsistency refers to the phenomenon where
Q33: Firms would rather shrink package sizes than
Q34: Framing effects may cause the same person
Q35: The self-serving bias causes people to act
Q36: The endowment effect describes when people value
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