Economists Do It With Models: Be Careful With Those Commitment Devices...

Wednesday, June 17, 2009

Be Careful With Those Commitment Devices...

As a behavioral economist (and also a person who exhibits most of the biases and shortcomings that I study), I think a lot about commitment devices. (Sidenote: I am shocked that "commitment device" doesn't seem to have a Wikipedia page.) Commitment devices are a way to overcome the discrepancy... Sign in to see full entry.

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