Asked by
Bella Johnson
on Nov 25, 2024
Verified
Time inconsistency refers to the phenomenon where your present self misjudges what your future self will do.
Time Inconsistency
A situation where a decision-maker's preferences change over time, often leading to a conflict between long-term goals and short-term gratification.
- Acquire insight into the notion of time inconsistency and its effects on making decisions.
Verified Answer
BJ
Learning Objectives
- Acquire insight into the notion of time inconsistency and its effects on making decisions.
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