Behavioral economists recommend mechanisms to help people actually do things they say they want to do but often don't.Such mechanisms are often called

Question

Quizplus · Accepted Answer

The mechanisms recommended by behavioral economists that help people do things they say they want to do but often don't are called commitment devices. These devices function as a way to create a binding agreement with oneself that limits future choices, such as pre-committing to saving a certain amount each month, in order to overcome impulsive behavior or weakness of will.

Behavioral Economists Recommend Mechanisms to Help People Actually Do Things