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Some parents do not set aside money for their children's college because they want to buy toys for their children now. They reason that college is a long way off and that they have plenty of time to save in the future. A behavioral economist might warn these parents against overvaluing the present relative to the future.
Collaborative
Involving two or more parties working together towards a common goal, emphasizing teamwork and partnership.
Distinctive
Having a unique quality, characteristic, or feature that distinguishes it from others within a similar category or context.
Dual
Characterized by having two parts, elements, or aspects.
Categorical
A characteristic or description that involves clearly defined divisions or categories, often used in classification and sorting.
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