According to principles of behavioral economics, we as human beings tend to put undue weight on recent events and too little weight on far off events (or benefits). As an example, we as human skipping our daily exercise routine to watch TV NOW is more compelling than NOT skipping your daily exercise routine and watching TV LATER. O True O False

According to principles of behavioral economics, we as human beings tend to put undue weight on recent events and too little weight on far off events (or benefits). As an example, we as human skipping our daily exercise routine to watch TV NOW is more compelling than NOT skipping your daily exercise routine and watching TV LATER. O True O False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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