Even though she is not in desperate need of boots, Zanele says that she would rather buy a pair of boots today (for R1 000) rather than wait two weeks, when they will be on sale for half the price.Zanele's decision most likely involves ____.
A)temporal discounting
B)risk aversion
C)the status quo bias
D)the omission bias

Question

Quizplus · Accepted Answer

Zanele's decision involves temporal discounting, which is the tendency to choose immediate rewards over future rewards, even if the latter are larger. In this case, Zanele values the satisfaction of owning the boots now more than the savings she would get from waiting for the sale.

Even Though She Is Not in Desperate Need of Boots