According to behavioral economists, someone suffering from myopia is most likely to

A) spend too little on present consumption and save more than is necessary for the future.
B) vote only for economic policies that serve his or her short- and long-term interests.
C) rely too much on System 2 of the brain.
D) spend too much on present consumption and not save enough for the future.

Myopia

Refers to the difficulty human beings have with conceptualizing the more distant future. Leads to decisions that overly favor present and near-term options at the expense of more distant future possibilities.

Behavioral Economists

Specialists who study the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Present Consumption

The consumption of goods and services in the current period, as opposed to saving for future consumption.