Answer:
Stan's behavior demonstrates time inconsistency.
Explanation:
In Economics, time inconsistency is the change that occurs in a person's preferences over time. That change leads the person to reach a different evaluation when it comes to the costs and the benefits of a decision. In Stan's case, he seems to be prioritizing his time. He even complains that he never has enough time to finish all his homework. We can assume, from his complaint, that he wishes he had the time. Yet, at this very moment, he has chosen to watch three movies instead of doing his assignments. His current decision is inconsistent with what seems to be his preference. Clearly, he believes the benefits of watching the movies to be higher than the costs of not doing his homework. At this moment, therefore, there is an inconsistency between his preferences.
The correct answer is E. It involves making decisions based on distilled experience. Something that is 'intuitive' is not rational, nor it comes from our conscious thought. It is not a complete emotion neither, it is more of a feeling that we have based on something that we saw or did, that belongs to the past experience. It is not necessarily slow, as it just emerges out of our subconsciousness.
SNCC members played an integral role in site-ins, Freedom Rites, the 1963 March on Washington, and such voter education projects as the Mississippi Freedom Summer
