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Differences in time preferences depend on
Experimental Group
In an experiment, the group that is exposed to the treatment, that is, to one version of the independent variable.
Independent Variable
A factor in a scientific study that is manipulated or changed to observe its effects on the dependent variable.
Cause-Effect Relationships
The principle stating that every effect in the natural world has a specific cause, and every cause leads to a specific effect.
The Experiment
A methodological approach in research to test hypotheses and establish causation by manipulating variables and observing the effects on a subject or system.
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