The Idea of Time Inconsistency

question 41

Multiple Choice

The idea of time inconsistency:

• A)explains how it can be rational for someone to say they're going to eat a salad for dinner each night this week and end up eating pizza four out of five nights instead.
• B)explains how it can be rational for someone to pay more for something on their credit card than if they were to pay cash for the same thing.
• C)explains why people refuse to ignore only some sunk costs,while think at the margin other times.
• D)Time inconsistency doesn't explain any of these behaviors.

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Definitions:

Hidden Sexual Desires

Unconscious or suppressed sexual feelings that an individual may not be fully aware of or choose not to acknowledge.

Id And Ego

Psychoanalytic terms where the id represents primal desires and the ego the rational part of the psyche that mediates between these desires, reality, and moral standards.

Dorothea Dix

Dorothea Dix was a pioneering 19th-century activist who significantly improved the conditions for the mentally ill and played a key role in the creation of many mental health facilities in the United States.

Biomedical Explanations

Biomedical explanations provide a rationale for physical and psychological conditions based on biological factors, such as genetic predispositions, biochemical imbalances, and physiological abnormalities.