A father is planning to give some extra pocket money to his 12-year-old son. He asks his son if he would like the amount right now or if he would rather wait for a week, which is around the time his school is organizing a picnic. The son chooses to take the allowance right away rather than wait for a whole week. This scenario is an example of _____.
A)the capacity to delay gratification
B)error management theory
C)the omission bias
D)temporal discounting

Question

Quizplus · Accepted Answer

The son's preference for receiving the allowance immediately rather than waiting for a future benefit is an example of temporal discounting, which refers to the tendency to value immediate rewards more highly than future rewards.

A Father Is Planning to Give Some Extra Pocket Money