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Time Preference Is the Same from Person to Person

question 128

True/False

Time preference is the same from person to person.


Definitions:

Cognitive Development

The process by which a person learns to reason, solve problems, and understand the world around them through stages, as proposed by theorists like Piaget.

Vygotsky

A seminal theorist in developmental psychology, known for his emphasis on the sociocultural influences on cognitive development.

Zone Of Proximal Development

A concept developed by Lev Vygotsky that represents the difference between what a learner can do without help and what they can achieve with guidance and encouragement from a skilled partner.

Scaffolding

Vygotsky’s term for temporary cognitive structures or methods of solving problems that help the child as he or she learns to function independently.

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