In decision making, the tendency for people to place greater weight on the present than the future is known as ____.
A)the certainty effect
B)temporal discounting
C)reactance
D)risk aversion

Question

Quizplus · Accepted Answer

Temporal discounting refers to the tendency of people to value immediate rewards more highly than future rewards, which explains why individuals often prefer smaller, immediate benefits over larger benefits that would occur in the future.

In Decision Making, the Tendency for People to Place Greater