One reason that commitment problems arise is that:
A)people do not always correctly identify their own dominant strategy.
B)players cannot trust that other players will avoid playing their dominated strategy.
C)following through on a threat or promise often violates the cost-benefit principle.
D)commitments cannot be purchased.

Question

Quizplus · Accepted Answer

Commitment devices are necessary when honoring a promise or a threat would not be in person's best interest once the threat or promise comes due.

One Reason That Commitment Problems Arise Is That