Discounting the future refers to
A) Valuing longer-term benefits and costs more heavily than shorter-term benefits and costs.
B) Overestimating the long-term effects of the decision.
C) Underestimating the short-term effects of the decision.
D) Valuing short-term benefits and costs more heavily than longer-term benefits and costs.
E) Making quick decisions with whatever information is at hand.

Question

Quizplus · Accepted Answer

Often decision makers discount the future. That is, in their evaluation of alternatives, they weigh short-term costs and benefits more heavily than longer-term costs and benefits.

Discounting the Future Refers to