Podcast
Questions and Answers
What does the horizontal axis represent in the chart?
What does the horizontal axis represent in the chart?
- Reward size
- Preference
- Time (correct)
- Decision maker's behavior
In the chart, what do the two lines represent?
In the chart, what do the two lines represent?
- Preferences related to two rewards (correct)
- Different time periods
- Rewards and penalties
- Different decision makers' behaviors
What is the phenomenon called when preferences shift between the initial moment and the moment of choice?
What is the phenomenon called when preferences shift between the initial moment and the moment of choice?
- Inter temporal rationality
- Momentary inconsistency
- Temporal preference reversal
- Inter temporal incoherence (correct)
In a traditional view of inter temporal rationality, what is the expected behavior of the two curves representing preferences over time?
In a traditional view of inter temporal rationality, what is the expected behavior of the two curves representing preferences over time?
What does the intersection of the two curves in the chart signify?
What does the intersection of the two curves in the chart signify?
In the chart, what does the solid line represent?
In the chart, what does the solid line represent?
What is the traditional view of inter temporal rationality regarding the relation between the two rewards over time?
What is the traditional view of inter temporal rationality regarding the relation between the two rewards over time?
What phenomenon is observed when the two curves representing preferences intersect at different points in the chart?
What phenomenon is observed when the two curves representing preferences intersect at different points in the chart?
What does the horizontal axis in the chart represent?
What does the horizontal axis in the chart represent?
What do the two lines in the chart represent?
What do the two lines in the chart represent?
