Ashley Is an Average 12-Month-Old Child

question 103

Multiple Choice

Ashley is an average 12-month-old child. How many words can Ashley speak?

• A) 5
• B) 8
• C) 13
• D) 22

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Definitions:

Future

Refers to the time that is yet to come, also used in finance as a contract to buy or sell an asset at a predetermined future date and price.

Time Inconsistency

A situation where a decision-maker's preferences change over time, making plans formulated at one time incompatible or less desirable at a future time.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision.

Self-Control Problem

The difficulty individuals face in resisting temptation or immediate gratification to achieve long-term goals.