A person subject to present bias finds it ____________ to delay ___________ from the present to one period into the future than it is to delay __________ from the future to later in the future.

Question

Quizplus · Accepted Answer

Present bias refers to the tendency to give stronger weight to payoffs that are closer to the present time when considering trade-offs between two future moments. Therefore, a person with present bias finds it more difficult to delay consumption from the present to the future than to delay consumption from one future period to another.

A Person Subject to Present Bias Finds It ____________ to Delay