A dieter who prefers to eat small portions at his next meal,but chooses a large portion at mealtime when it arrives is:
A) dynamically consistent.
B) statically consistent.
C) exhibiting a present bias.
D) exhibiting a substitution bias.
Correct Answer:
Verified
Q27: A person is dynamically inconsistent if:
A) lapses
Q28: Behavioral economists view the standard economic theory
Q29: Gabby flips a fair coin and it
Q30: Pre-commitment is:
A) a solution for dynamic inconsistency.
B)
Q31: The hot-hand fallacy:
A) is the belief that
Q33: Lily wants to invest in the stock
Q34: A person is dynamically inconsistent if:
A) lapses
Q35: The belief that if you paid more
Q36: Lily wants to invest in the stock
Q37: Gabby flips a fair coin and it
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