Why is a naif unwilling to pay for a commitment mechanism?
A) A naïf does not like to commit.
B) A naïf is too risk-seeking to commit.
C) A naif does not foresee the need to commit.
D) A naif's beliefs are too overconfident to foresee the need to commit.

Question

Quizplus · Accepted Answer

A naif does not foresee the need to commit because they are unaware of their future self-control problems or biases.

Why Is a Naif Unwilling to Pay for a Commitment