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Author Question: Today John says, I will start working out tomorrow. Yet as tomorrow arrives, he doesn't. This is an ... (Read 350 times)

formula1

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on: Jul 1, 2018
Today John says, I will start working out tomorrow. Yet as tomorrow arrives, he doesn't. This is an example of
 
  A) time inconsistent preferences.
  B) time consistent preferences.
  C) exponential discounting.
  D) future-biased preferences.

Question 2

Indifference curves close to the origin are ________ those farther from the origin because of ________.
 
  A) better than; transitivity
  B) worse than; nonsatiation
  C) better than; completeness
  D) worse than; transitivity


jgranad15

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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