In the absence of commitment devices, present-biased individuals are never as patient as they intend to be.

Name: In the absence of commitment devices, present-biased individuals are never as patient as they intend to be.
Brand: Quizplus
Rating: 4.8 (53 reviews)

Question

Quizplus · Accepted Answer

Present-biased individuals tend to prioritize immediate gratification over long-term benefits, even if they intend to be patient. Without commitment devices or external factors that incentivize patience, they are likely to give in to their present bias and act impatiently.

In the Absence of Commitment Devices, Present-Biased Individuals Are Never