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Imagine That, If You Have Preferred Receiving a Smaller Reward

Question 5

Multiple Choice

Imagine that, if you have preferred receiving a smaller reward today over a larger reward three months from today, then you will always prefer the smaller reward over the larger reward regardless of when the smaller reward is offered as long as the difference between the rewards remains three months. In Kirby and Herrnstein's experiments, you would be exhibiting


A) exponential discounting
B) hyperbolic discounting
C) time-inconsistent discounting

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