Erik wants to save more, but whenever a paycheck arrives, he ends up spending everything. One way to help him overcome this tendency would be to: a. Teach him about time inconsistency. b. Tell him that self-control problems are common . c. Have him engage in precommitments that will make it difficult for his future self to overspend.

Erik wants to save more, but whenever a paycheck arrives, he ends up spending everything. One way to help him overcome this tendency would be to: a. Teach him about time inconsistency. b. Tell him that self-control problems are common . c. Have him engage in precommitments that will make it difficult for his future self to overspend.

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter14: Investment, The Capital Market, And The Wealth Of Nations

Section: Chapter Questions

Problem 10CQ

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