Hyperbolic Preferences Are a Particular Way to Discount Future Payoffs

question 12

True/False

Hyperbolic preferences are a particular way to discount future payoffs that leads to time-inconsistent behavior.

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Definitions:

Progressive Thrust

An impetus or drive towards reform and improvements in societal, political, or economic issues aiming for progress.

Efficiency

The ability to accomplish a task or job with the minimum expenditure of time and effort.

Margaret Sanger

An American birth control activist, sex educator, and nurse who helped legalize contraception and founded the organization that became Planned Parenthood.

Birth-Control Devices

Any number of instruments or medications designed to prevent pregnancy as part of family planning.