Evan knows his GPA would skyrocket if he could break his horrible habit of procrastinating. An example of a commitment device Evan could use would be: Question 46 options: a to allow himself one hour of leisure for every half-hour of studying he does each day. b to exercise before studying in order to be refreshed. c to pay a student to meet him each afternoon for 2 hours in the library to ensure he studies every day. d All of these are commitment devices.
Evan knows his GPA would skyrocket if he could break his horrible habit of procrastinating. An example of a commitment device Evan could use would be: Question 46 options: a to allow himself one hour of leisure for every half-hour of studying he does each day. b to exercise before studying in order to be refreshed. c to pay a student to meet him each afternoon for 2 hours in the library to ensure he studies every day. d All of these are commitment devices.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 1MC
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Question
Evan knows his GPA would skyrocket if he could break his horrible habit of procrastinating. An example of a commitment device Evan could use would be:
Question 46 options:
a
|
to allow himself one hour of leisure for every half-hour of studying he does each day.
|
b
|
to exercise before studying in order to be refreshed.
|
c
|
to pay a student to meet him each afternoon for 2 hours in the library to ensure he studies every day.
|
d
|
All of these are commitment devices.
|
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