A person is dynamically consistent if:
A. lapses in his self-control never occur.
B. his preferences over the alternatives available at some future date do not change as the date approaches or once it arrives.
C. he always wants to follow through on his plans and intentions.
D. All of these are necessary for dynamic consistency.
D. All of these are necessary for dynamic consistency.
You might also like to view...
Social insurance programs do not provide
a. disability payments b. Medicare payments c. international aid d. unemployment income e. retirement income
If Apple's iTunes Music Store increases its "fee" for its music downloads, the law of demand predicts that
A) the number of iTunes music downloads would increase. B) there would be no change in the demand for iTunes music downloads. C) the number of iTunes music downloads would decrease. D) iTunes music supply would change but demand would not.