The idea of time inconsistency:
A) explains how it can be rational for someone to say they're going to eat a salad for dinner each night this week and end up eating pizza four out of five nights instead.
B) explains how it can be rational for someone to pay more for something on their credit card than if they were to pay cash for the same thing.
C) explains why people refuse to ignore only some sunk costs,while think at the margin other times.
D) Time inconsistency doesn't explain any of these behaviors.
Correct Answer:
Verified
Q22: Steve is finding it impossible to get
Q26: Beth really wants to get in shape,but
Q28: Evan knows his GPA would skyrocket if
Q29: A commitment device is:
A) an arrangement entered
Q30: An example of a commitment device for
Q31: The idea of time inconsistency explains procrastination
Q32: Brett desperately wants to quit smoking,but just
Q33: Installing software to limit screen time,forcing you
Q34: Applying the idea of time inconsistency,we can
Q38: In an effort to lose weight,Sam posts
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents