Multiple Choice
People tend to say that they would prefer to have R1 000 today rather than R1 200 two weeks from now - even though, logically, they would be better off with the R1 200 in two weeks.The phenomena underlying this tendency is known as ____.
A) risk aversion
B) the certainty effect
C) temporal discounting
D) the status quo bias
Correct Answer:
Verified
Correct Answer:
Verified
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