Asked by Heather Blankenbaker on Jun 27, 2024
Verified
Which of the following illustrates the concept of delay of gratification?
A) preferring $500 now rather than $1,000 one year from now
B) preferring $1,000 one year from now rather than $500 now
C) preferring a 1-in-1,000 chance at $10,000 rather than $10 for certain
D) preferring $10 for certain rather than a 1-in-1,000 chance at $10,000
Delay Of Gratification
The act of forgoing an instant gratification in favor of receiving a reward at a later time.
- Elucidate the concept of postponing immediate pleasure for long-term gains and its importance in driving motivation.
Verified Answer
HM
Hayley MendozaJun 30, 2024
Final Answer :
B
Explanation :
Choosing $1,000 one year from now rather than $500 now illustrates the concept of delay of gratification as the individual is willing to wait and delay their reward in order to receive a greater reward in the future.
Learning Objectives
- Elucidate the concept of postponing immediate pleasure for long-term gains and its importance in driving motivation.
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