"Time Inconsistency" Refers to the

question 192

Multiple Choice

"Time inconsistency" refers to the

• A)tendency for policies with high short-run benefits to have high long-run costs.
• B)fallacy that what is true for the short run must be true for the long run.
• C)tendency to regularly misjudge in the present what you will do in the future.
• D)tendency to misjudge how long it will take to accomplish a future task.

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Definitions:

Respect

A feeling of deep admiration for someone or something elicited by their abilities, qualities, or achievements.

Power Distance

A cultural dimension that describes the extent to which individuals within a society accept and expect power to be distributed unequally.

GLOBE Model

A research framework that examines the impact of culture on leadership effectiveness and organizational practices across the world.

Delaying Gratification

The process of resisting an immediate reward in preference for a later, often greater, reward.