Asked by
Mackenzie Pineda
on Nov 25, 2024
Verified
Time inconsistency refers to the persistent underestimation of how long a task will take to perform.
Time Inconsistency
The tendency of certain conditions or decisions to change over time, especially in the context of economic planning and policy-making.
- Comprehend the principle of time inconsistency and its consequences on decision-making processes.
Verified Answer
AK
Learning Objectives
- Comprehend the principle of time inconsistency and its consequences on decision-making processes.
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