Time Consistency

Time consistency refers to the idea that people’s plans or decisions made today remain optimal and acceptable as time passes, without the need to change them later. It means that someone’s future choices align with their initial intentions, even as circumstances or information change. In economics and decision-making, it ensures that plans made now are trustworthy, avoiding conflicts between what was planned and what is actually done later. Essentially, it’s about having stable, coherent decisions over time that do not require renegotiation or adjustment.