Examlex
Research has suggested that _____ may be the hormonal basis of the sex drive in women,and _____ may be the hormonal basis of the sex drive in men.
Present Consumption
The act of using goods and services to satisfy current needs and desires rather than saving for future use.
Self-Control Problems
Refers to the difficulty people have in sticking with earlier plans and avoiding suboptimal decisions when finally confronted with a particular decision-making situation. A manifestation of time inconsistency and potentially avoidable by using precommitments.
Time Inconsistency
The human tendency to systematically misjudge at the present time what will actually end up being desired at a future time.
Behavioral Economists
Economists who study the psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
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