The concept describing when people tend to respond more to the immediate costs and benefits of their actions than to those experienced over the long-term is known as

Question

Quizplus · Accepted Answer

Present Bias refers to the tendency to prioritize short-term rewards over long-term consequences. People often make decisions based on immediate gratification and overlook potential long-term negative outcomes. This bias can lead to procrastination, addiction, and financial difficulties.

The Concept Describing When People Tend to Respond More to the Immediate