Economics A-Level
Bounded self-control
What Bounded self-control means in Economics A-Level, as defined for AQA.
Definition of Bounded self-control
Check what you remember
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Reference: AQA
The inability of individuals to act in their own best long-term interests due to a lack of willpower, even when they know the rational choice.
Topics that use Bounded self-control
- Aspects of behavioural economic theory (AQA A-Level)
Related terms
- Anchoring
- Availability bias
- Behavioural economics
- Bounded rationality
- Consumer behaviour
- Equity and fairness
- Satisficing behaviour
- Utility maximisation
Using Bounded self-control in the exam
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