The tendency for people to place greater weight on the present over the future in decision-making is known as ____.
A) the certainty effect
B) temporal discounting
C) reactance
D) the now-or-never effect

Question

Quizplus · Accepted Answer

Temporal discounting refers to the tendency for people to value immediate rewards or costs more than those that occur in the future. In other words, people tend to prioritize the present over the future. The other options (certainty effect, reactance, now-or-never effect) are different decision-making biases.

The Tendency for People to Place Greater Weight on the Present