Overvaluing the present relative to the future is illustrated in which statement?
A) A parent forgoes a family vacation to buy braces for a child.
B) A parent spends his money on a very expensive piano because he wanted his child to have the best possible instrument for her to practice on as her skills grow.
C) A parent spends money on elaborate Christmas gifts rather than her child's savings for college.
D) A tablet is available on sale for $199 today or regular-priced for $299 next month, so because the good will be more expensive next month, the parent purchases the tablet today.

Question

Quizplus · Accepted Answer

Overvaluing the present relative to the future is demonstrated in option C, where a parent prioritizes spending money on immediate gratification through elaborate Christmas gifts over saving for the child's future college expenses. This reflects a preference for present enjoyment over future benefits.

Overvaluing the Present Relative to the Future Is Illustrated in Which