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The discount factor is used to calculate the present value of $1 received in year t.
Evolutionary
Pertaining to the process by which organisms change over generations due to inherited traits, natural selection, and adaptation.
Cognitive
Relating to mental processes involved in perception, memory, judgment, and reasoning.
Dispositional Patterns
Enduring characteristics and behaviors that individuals consistently demonstrate across different situations.
Social-emotional Functioning
Refers to an individual's ability to process and manage emotional and interpersonal aspects of experience effectively.
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