Why is it interesting that people tend to choose $250 in 53 weeks over $200 in 52 weeks, but also choose $200 now versus $250 in one week?
A) Time is irrelevant when considering increases in gain"
B) People are very inconsistent in whether or not they care about monetary gains"
C) In both scenarios, the person will gain an extra $50 by waiting one week"
D) In one scenario, people do not mind waiting, but in the other scenario, they do mind waiting"
Correct Answer:
Verified
Q49: Why does the lottery system make so
Q50: In an experiment, I tell two groups
Q51: Which of these may be a side-effect
Q52: What is delay discounting?
A)Value remains constant over
Q53: What do humans TEND to do when
Q55: Which behavior shows steep discounting?
A)Spending $400 on
Q56: Which is true about human decision making?
A)Humans
Q57: Other primates seem to have what in
Q58: When capuchin monkeys show a preference for
Q59: Food is an example of a(n):
A)Absolute preference"
B)Attribution"
C)Primary
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