Economics

Student Videos

Commitment Contracts (Behavioural Economics)

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

This short video looks at the nature of commitment contracts as a way of encouraging people to follow through with behaviours that might improve their health or other aspects of their lives. We often use commitment devices to voluntarily ‘lock ourselves’ into doing something in advance. The social nature of these commitments is often crucial.

Behavioural Economics - Commitment Contracts

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