Erik wants to save more, but whenever a paycheck arrives, he ends up spending everything. One way
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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 pre commitments that will make it difficult for his future self to overspend.
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c Have him engage in pre commitments that will make it difficult for his future sel...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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