According to behavioral economists, self-control problems

A) are a rare aberration from rational decision making.
B) are often caused by time inconsistency.
C) can be easily overcome by providing decision makers with better information.
D) occur frequently but have no impact on the ability of neoclassical models to predict economic outcomes.

Time Inconsistency

Describes a situation where a person's preferences change over time in such a way that what they prefer at one point in time is inconsistent with what they will prefer at another time.

Self-Control Problems

Refers to the difficulty individuals have in restraining their impulses or desires, often leading to challenges in decision-making that affect long-term goals.