An individual's nearsightedness undermines the validity of the discounted utility model

Name: An individual's nearsightedness undermines the validity of the discounted utility model
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Nearsightedness can lead to a focus on short-term benefits and a neglect of long-term consequences, which goes against the assumptions of the discounted utility model. Therefore, an individual's nearsightedness could undermine the validity of the model.

An Individual's Nearsightedness Undermines the Validity of the Discounted Utility