Examlex
If the true power is 100 W and the reactive power is 100 VAR, the apparent power is .
Myopia
Refers to the difficulty human beings have with conceptualizing the more distant future. Leads to decisions that overly favor present and near-term options at the expense of more distant future possibilities.
Behavioral Economists
Specialists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Present Consumption
The consumption of goods and services in the current period, as opposed to saving for future consumption.
Precommitments
Commitments made in advance to a specific course of action, often used as a strategy to restrain one's future actions.
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