Asked by Kaitlyn Hearn on Jul 16, 2024
Verified
Which of the following individuals least likely suffers from myopia?
A) Marilyn,who struggles to lose weight because she regularly cheats on her diet.
B) Myrna,who lived through the Great Depression and tends to spend frugally and save most of her money.
C) Malcolm,who currently spends all his income and saves nothing for retirement.
D) Marvin,who regularly sleeps in and is constantly late for work,much to the chagrin of his boss.
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.
Great Depression
A severe global economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment and the collapse of financial institutions.
Present Consumption
The act of using goods and services to satisfy current needs and desires rather than saving for future use.
- Recognize the role of self-control, myopia, and precommitment in personal financial management and behavioral tendencies.
Verified Answer
Learning Objectives
- Recognize the role of self-control, myopia, and precommitment in personal financial management and behavioral tendencies.
Related questions
According to Behavioral Economists,someone Suffering from Myopia Is Most Likely ...
Eric Tries to Eat More Healthfully by Eliminating Cookies,donuts,and Similar ...
For Economists,myopia Refers To ...
According to Behavioral Economists, Someone Suffering from Myopia Is Most ...
Myopia and Time Inconsistency Are Major Stumbling Blocks That Behavioral ...