People Tend to Say That They Would Prefer to Have

question 172

Multiple Choice

People tend to say that they would prefer to have $1000 today rather than $1200 two weeks from now-even though, logically, they would be better off with the $1200 in two weeks. The phenomenon underlying this tendency is known as ____.

• A)risk aversion
• B)the certainty effect
• C)temporal discounting
• D)the status quo bias

---

Definitions:

Passive Smoking

Involuntary inhalation of smoke from other people's cigarettes, cigars, or pipes, which poses health risks similar to direct smoking.

Optimistic Bias

The tendency of individuals to underestimate the likelihood of encountering adverse events in their own lives as opposed to others.

Cigarette Tobacco

Dried and processed leaves of the tobacco plant that are rolled or stuffed into cigarettes for smoking.

Adult Population

Refers to the segment of the population that is considered adult, typically individuals aged 18 years and older.