Behavioral Economist Point to Empirical Evidence What Shows People Exhibit

question 2

Multiple Choice

Behavioral economist point to empirical evidence what shows people exhibit ___________ which sometimes leads them not to follow through on saving and investment plans.

• A) Timing preferences
• B) Present bias
• C) Time consistent preferences
• D) Time inconsistent preferences

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Definitions:

Behavior Change

The process of altering patterns of behavior, often aimed at improving health or adapting to new circumstances.

Heredity/Genetic Make-up

The transmission of physical or genetic characteristics from parents to offspring, determining aspects of personal appearance, health conditions, and more.

Wellness

The active pursuit of activities, choices, and lifestyles that lead to a state of holistic health.

Knowledge

Information, understanding, or skill that one gets through experience or education.