"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:

Panel

A group of the same individuals retained to answer questions over time.

Cohort

A group of people defined most typically by having an event in common.

Cross-lagged

A study design often used in communication research to assess the direction and magnitude of relationships between variables at different points in time.

Double-barreled

Pertaining to questions or statements that address more than one issue at a time, often leading to confusion or muddled answers.