Which of the following illustrates the concept of delay of gratification?
A) preferring $500 now rather than $1,000 one year from now
B) preferring $1,000 one year from now rather than $500 now
C) preferring a 1-in-1,000 chance at $10,000 rather than $10 for certain
D) preferring $10 for certain rather than a 1-in-1,000 chance at $10,000
Correct Answer:
Verified
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