Gene plays another hour of computer games rather than study for the hour even though he knows that the next day, when he takes his test, he will regret his decision. Gene is showing
A) the endowment effect.
B) bounded rationality.
C) bounded self-interest.
D) bounded will power.

Question

Quizplus · Accepted Answer

Gene is demonstrating bounded willpower, which refers to the tendency to make choices that are not in one's long-term best interest due to a lack of self-control. Despite knowing he will regret not studying, he chooses to play games instead.

Gene Plays Another Hour of Computer Games Rather Than Study