The Concept of Time Inconsistency Explains

question 55

Multiple Choice

The concept of time inconsistency explains:

• A)how someone who plans to eat salad for dinner every night, but ends up eating pizza three nights in a row, can still be rational.
• B)how someone who pays more for a good using a credit card than if cash were used can still be rational.
• C)why people can ignore some sunk costs but cannot ignore others.
• D)None of these behaviors can be explained by time inconsistency.

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