Studies suggest that:
A)the passage of time makes no difference to individuals' choices between two options
B)individuals' choices may be inconsistent over time
C)individuals' choices are always consistent over time
D)none of the above

Question

Quizplus · Accepted Answer

Research has shown that individuals' choices may be inconsistent over time. This is often referred to as "time inconsistency," where the individual's preferences or priorities may shift as time passes. This can affect decisions related to long-term goals, such as saving for retirement or investing in education, as individuals may make impulsive decisions based on present concerns rather than future benefits.

Studies Suggest That