Some of the pitfalls discussed in this chapter can usefully be thought of as involving disagreements between System 1 and System 2. But which pitfall is usefully thought of as a disagreement between ourselves at one time and ourselves at other times?

A. time-inconsistent discounting
B. possibility & certainty effects
C. outcome framing
D. endowment effect


Ans: A. time-inconsistent discounting

Philosophy & Belief

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