Which of the Following Defines or Describes Having Self-Control Problems

question 104

Multiple Choice

Which of the following defines or describes having self-control problems and using hyperbolic discounting?

• A) The act of owning a good increases its value, so the owner must be paid more to give up the good than she would have been willing to pay for it in the first place.
• B) It is a way to frame a bias in which people treat their current and future assets as separable, nontransferable accounts; for example, having mental savings accounts for entertainment, retirement, and other expenditures.
• C) It is the mistake of allowing costs that cannot be recovered to affect decisions.
• D) It is the act of placing too much emphasis on the immediate present than even the near future when making decisions.

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Definitions:

Hyperlink

A digital reference or link from one document or webpage to another within the same or a different website.

Estate

All of the money and property owned by a particular person, especially at death.

Equitable Estoppel

A legal principle preventing a party from asserting a claim or right which contradicts what they previously said or agreed to by their actions.