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CARD 2 OF 4

time consistency

noun phrase

Reveal meaning and examples

The stability of a plan or preference as time passes, when relevant information and outcomes otherwise remain unchanged.

The thought experiment tests time consistency by asking the same choice again a month later.

Dictionary practice example.

The exercise checks time consistency by asking whether the reader's original preference remains stable as time passes while the relevant information and outcomes stay unchanged.

From Preferences Across Time and Comparison.

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