A person is dynamically consistent if
A) Lapses in self-control never occur
B) His preferences over the alternatives available at some future date do not change as the date approaches or once it arrives
C) He always wants to follow through on his plans and intentions
D) All of these

Question

Quizplus · Accepted Answer

A person is dynamically consistent if his preferences over the alternatives available at some future date do not change as the date approaches or once it arrives, he always wants to follow through on his plans and intentions, and lapses in self-control never occur.

A Person Is Dynamically Consistent If