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Time inconsistency in selection-making is an idea in behavioral economics where folks make alternatives that are inconsistent over time. It happens when people's Tastes alter according to the timing of the choice, usually valuing immediate rewards more than greater delayed benefits. This tendency can cause actions that prioritize short-expression g

Time inconsistency in selection-making is a concept in behavioral economics wherever people make decisions that are inconsistent over time. It occurs when people's Choices adjust depending on the timing of the choice, typically valuing immediate rewards more than much larger delayed rewards. This tendency can result in actions that prioritize short