People's tendency to prefer something that will yield immediate benefits over something whose benefits come later is called what by behavioral economists?
A) myopia
B) mental accounting
C) anchoring
D) framing
Correct Answer:
Verified
Q68: Suppose Ryan and Rita were randomly shown
Q231: "Time inconsistency" refers to the
A)tendency for policies
Q232: For economists, "myopia" refers to
A)visual nearsightedness.
B)people's difficulty
Q233: Which of the following individuals least likely
Q234: According to behavioral economics, the difficulty among
Q236: According to behavioral economists, self-control problems
A)are a
Q237: Myopia means
A)far-sightedness.
B)a tendency to focus on the
Q238: Tony ran a marathon in 4.5 hours;
Q239: According to behavioral economists, precommitments
A)help people overcome
Q240: Eric tries to eat more healthfully by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents