One Explanation That Behavioral Economists Give for Procrastination and Other

question 12

Multiple Choice

One explanation that behavioral economists give for procrastination and other time-inconsistent behavior is

• A)people's personal discount rate is greater in the far future than in the near future.
• B)people's personal discount rate is smaller in the far future than in the near future.
• C)people's personal discount rate is the same in the far future as in the near future.
• D)None of the above.

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Definitions:

Confidence Interval

A range of values, derived from sample data, that is likely to contain the true population parameter with a certain degree of confidence.

Corporate Executives

Individuals who hold senior management positions within a company, responsible for making major corporate decisions and managing overall operations.

Annual Salaries

The total amount of money that an individual earns in one year from their employment.

Plug-in Principle

A statistical method that involves estimating unknown parameters by directly substituting sample statistics (from collected data) into formulas in place of population parameters.