Which of the Following Is an Example of the Systematic

question 54

Multiple Choice

Which of the following is an example of the systematic bias of having self-control problems and using hyperbolic discounting?

• A) About 80% of the people on an Internet dating site rate their looks as very good or above average.
• B) A person decides to save his overtime payment this week, but once he receives the payment, he spends it.
• C) A person buys a product because it is listed at 80% off an inflated price.
• D) People continue to play golf in a rainstorm because they don't want to waste the money they paid on greens fees.

---

Definitions:

Analysis

The detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.

Planning

The process of making strategic decisions about setting goals, identifying actions to achieve the goals, and mobilizing resources to execute the actions.

Forces

Elements or factors that influence or drive changes within a system, organization, or environment.