What is temporal discounting?
A) The tendency for people to forget about the time that will be required to achieve things when setting goals
B) The tendency for people to place greater weight on the present over the future in decision-making
C) The tendency for plans to be overly optimistic because the planner does not make allowances for unexpected events
D) The tendency for people to ignore past or historical events when making decisions

Question

Quizplus · Accepted Answer

Temporal discounting refers to the tendency for people to place greater weight on the present over the future in decision-making. It is a cognitive bias that can lead to choices that prioritize short-term gains over long-term benefits. Option A refers to planning fallacy, option C refers to optimism bias, and option D refers to recency bias.

What Is Temporal Discounting