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 2
Suppose that you are working with a group of monkeys, and you give some monkeys a small reward (a cucumber) for performing a given task, while you give other monkeys a bigger and better reward (a banana) for performing the exact same task. Research suggests that the monkeys ____ compare their rewards, and that, as a result, ____.
a. will not; neither group will become distressed
b. will; those receiving cucumbers will become distressed
c. will; those receiving bananas will become distressed
d. will; both those receiving cucumbers and those receiving bananas will become distressed
L. Frank Baum, author of The Wonderful Wizard of Oz (1900) and a fan of William Jennings Bryan, perh
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Disitive Time For Potatoes
You're just on Time
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011