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Sagot :
mother Teresa is an example of Status inconsistency given that she was a person with tremendous power and prestige yet she was very poor.
In monetary policy and economics, dynamic inconsistency or time inconsistency is a state of affairs wherein a choice maker's alternatives trade over time in this kind of way that a choice can emerge as inconsistent at every other factor in time. This can be thought of as there being many special "selves" inside choice-makers, with each "self" representing the decision-maker at a one-of-a-kind point in time; the inconsistency occurs whilst no longer all alternatives are aligned. The term "dynamic inconsistency" is greater intently affiliated with the game concept, while "time inconsistency" is greater carefully affiliated with behavioral economics. Inside the context of the sport concept, dynamic inconsistency is a situation in a dynamic game where a player's pleasant plan for some destiny period will not be superior whilst that future length arrives. A dynamically inconsistent recreation is subgame imperfect. In this context, the inconsistency is in the main approximately dedication and credible threats. This manifests itself via a violation of Bellman's precept of Optimality via the leader or dominant player, as shown in Simaan and Cruz (1973a, 1973b).
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