Discounting the future refers to
A) focusing on gains in the long run.
B) failing to consider inflationary costs.
C) underestimating the short-term effects of a decision.
D) weighing short-term benefits more heavily than long-term benefits.
E) failing to consider the effects of new entrants into the industry.

Question

Quizplus · Accepted Answer

Discounting the future means weighing short-term benefits more heavily than long-term benefits. It's a common cognitive bias that can lead to poor decision-making, especially in situations where sacrificing immediate gratification is necessary for long-term success.

Discounting the Future Refers to