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Explain the Suggestion That People May Have Their Own "Personal

question 63

Essay

Explain the suggestion that people may have their own "personal discount rate" and how that may affect decisions about borrowing and other financial matters.


Definitions:

Psychological States

Conditions of the mind that affect thinking, feeling, and behaving in varying degrees of consciousness and unconsciousness.

Positive Emotions

Those feelings that are indicative of or conducive to happiness and well-being, such as joy, gratitude, and contentment.

More Energy

The increased capacity for physical or mental activity due to improved health, nutrition, or lifestyle changes.

Muscle-Training Program

A structured plan of physical activities focused on increasing muscle strength and endurance.

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