lecture 8 Flashcards
1
Q
what is inter temporal choice?
A
decisions where benefits and costs occur I=at different times
2
Q
present bias?
A
people are less patient when making decisions about the present compered to futures. individuals prioritise immiditate rewards
3
Q
scarcity?
A
too much focus on one thing neglecting the other
4
Q
what experiment was held in the mandatory article?
A
participants completed tasks under three conditions: externally imposed deadline, self imposed deadline and no deadline.
5
Q
what where the finding of the experiment?
A
deadlines improve performance, but self imposed deadlines help less then externally imposed deadlines
