Present Biased Preferences will lead to procrastination when: a) initial reward is high b) upfront costs...
Present Biased Preferences will lead to procrastination when:
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a) initial reward is high |
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b) upfront costs are high |
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c) upfront benefits are high |
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d) decision maker uses exponential discounting |
Homework Answers
Answer :- Option b). upfront costs are high.
Explanation :- When the immediate costs are more (very high) then the situation of procrastination will occur due to biasness in present preferences, thereby, Option b). is the correct answer choice to above given question whereas the other options (a, c and d) are not correct ones.
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