Asked by
Gosaye Gomole
on Oct 08, 2024
Verified
Time inconsistency refers to the persistent underestimation of how long a task will take to perform.
Time Inconsistency
The tendency of people to change their plans about future actions due to a preference for immediate gratification over long-term benefits.
- Recognize the implications of time inconsistency and the use of precommitments in managing self-control problems.
Verified Answer
YG
Learning Objectives
- Recognize the implications of time inconsistency and the use of precommitments in managing self-control problems.
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