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The Role of Uncertainty in Commitment Device Take-Up

Health & Psychology India

Credit: lau rey

Models of present-bias form a central pillar of behavioral economics. A key prediction of these models is that sophisticated agents may demand commitment devices to combat self-control issues. Many papers have devised and shown demand for such commitment devices. However, very little is known about the determinants of commitment demand. We propose an adaptation of Kaur et al.’s (2015) RCT in order to test how one particular determinant — uncertainty — affects commitment device take-up.

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