Relative Insensitivity to Delayed Rewards Helps Explain Why It Is

question 37

Multiple Choice

Relative insensitivity to delayed rewards helps explain why it is:

• A)common for people to choose the better of two immediate options.
• B)common for most people to save their discretionary income,rather than spend it.
• C)difficult for public officials to mobilize their efforts to thwart an imminent terrorist attack.
• D)difficult for people to change their behavior to address global warming.

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Definitions:

Argument

A set of statements or reasons made to persuade others that an action or idea is right or wrong.

Premise

A previous statement or proposition from which another is inferred or follows as a conclusion.

Spending Habits

Patterns or tendencies in how an individual or group uses their financial resources.

Earning

The income obtained from work (wages), investments, business, or other sources, typically measured over a certain period of time.