Which Scenario Represents Time Inconsistency

question 16

Multiple Choice

Which scenario represents time inconsistency?

• A) A person prefers $80 today to $100 one year from now but prefers $100 in six years to $80 in five years.
• B) You prefer receiving $2 on January 1^st of this year to receiving $1 on January 2^nd of this year, and you prefer $2 on January 1^st of next year to $1 on January 2^nd of next year.
• C) A person prefers $100 in one year to $80 today but prefers $100 in six years to $80 in five years.
• D) You value $1 today more than $1 tomorrow.

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Definitions:

FAB (Features, Advantages, Benefits)

A marketing strategy that outlines a product's features, its advantages over competitors, and the benefits it offers to the customer.

AIDA Sequence

The AIDA sequence is a marketing model that outlines the four stages of the customer journey: Attention, Interest, Desire, and Action, used to guide advertising and sales strategies.

Markup

Markup is the difference between the cost of a product or service and its selling price, expressed as a percentage of the cost.

Architectural Details

Specific elements of a building design that define its character and aesthetics.