How does the concept of time inconsistency explain procrastination?
A) People have several modes of decision making, and the less time they have to react, the worse their decisions are.
B) An individual's ability to remember long-term benefits when making decisions diminishes the closer the action becomes.
C) People have two selves, a "future-oriented" self and a "present-oriented" self, which have conflicting objectives when it comes to decision making.
D) People never take long-term benefits into account when making decisions.
Correct Answer:
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