Which of the following is not a commitment device used to overcome a commitment problem?
A)A non-refundable advance payment to reserve a room at a resort.
B)A manufacturer's 2-year agreement to fix,at no cost to you,anything that breaks on your computer.
C)A pre-nuptial agreement that provides for a large penalty in the event a spouse has an affair.
D)High fines for illegal parking on campus.

Question

Quizplus · Accepted Answer

Agreements in advance,backed by a cost,to secure a promise are commitment devices.Fines levied after an offense are not.

Which of the Following Is Not a Commitment Device Used