One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is
A)people's personal discount rate is greater in the far future than in the near future.
B)people's personal discount rate is smaller in the far future than in the near future.
C)people's personal discount rate is the same in the far future as in the near future.
D)None of the above.

Question

Quizplus · Accepted Answer

Behavioral economists argue that people tend to have a smaller personal discount rate for the far future than for the near future. This means individuals value immediate rewards more highly than future rewards, leading to procrastination and other time-inconsistent behaviors.

One Explanation That Behavioral Economists Give for Procrastination and Other