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At the Beginning of a Semester, a Group of Five

question 14

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At the beginning of a semester, a group of five students (Jim, Andy, Beth, Brandy, and Duane) were asked to order a snack that the teacher will deliver to the students free of charge before the first class of the tenth week of the semester. The three choices were an apple, a banana, or a Snickers candy bar. The teacher collected the orders and found that two students have ordered an apple, two students have ordered a banana, and one student has ordered a Snickers candy bar. The four students who ordered either an apple or a banana cited health consciousness as the reason for their choice. Immediately before the orders are scheduled to be delivered, the teacher informs the students that they can switch their choice and order something else from the original menu if they wish, or they can receive what they originally ordered. Which of the following scenarios is the best example of inconsistent intertemporal decision-making?


Definitions:

Sensory Information

Data that is perceived by the sensory organs, such as eyes, ears, skin, and then processed by the brain to make sense of the environment.

Consciousness

The state of being aware of and able to think about oneself, one’s surroundings, and one’s thoughts and feelings.

Chemoreception

The biological process by which organisms detect chemical stimuli in their environment.

Sensory Receptors

Specialized cells that detect stimulus information and transmit it to sensory (afferent) nerves and the brain.

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