When asked to choose between $100 today or a promise to receive $100 one year from now, rational decision makers choose the $100 today. Explain why this is true.

Name: When asked to choose between $100 today or a promise to receive $100 one year from now, rational decision makers choose the $100 today. Explain why this is true.
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The Answer of When asked to choose between $100 today or a promise to receive $100 one year from now, rational decision makers choose the $100 today. Explain why this is true.

When Asked to Choose Between $100 Today or a Promise