People Tend to Wait Until Deadlines Get Close to Work

question 145

Multiple Choice

People tend to wait until deadlines get close to work on projects in part because they believe that they can complete the projects in less time than it will actually take. Which findings from behavioral economics is this observation consistent with?

• A)People tend to be time inconsistent and people tend to be overconfident.
• B)People tend to be time inconsistent but not that people tend to be overconfident.
• C)People tend to be overconfident, but not that people tend to be time inconsistent.
• D)Neither that people tend to be overconfident nor that people tend to be time inconsistent.

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Definitions:

Sample Size

The number of observations or individuals in a subset of a population selected for a particular study.

Measurement Errors

Discrepancies between the observed values and the true values, which can arise from various sources in data collection.

Reliable

Reliable refers to the consistency of a measure or process over time. In research, it means that the results of a study or the performance of an instrument are consistent and can be replicated under similar conditions.

Test-Retest

A method of measuring the reliability of a test by administering the same test to the same subjects at two points in time and comparing the results.