Monday
March 30, 2015

Homework Help: Delay of Gratification

Posted by Melissa on Monday, October 22, 2007 at 8:11pm.

Which of the following illustrates the concept of delay of gratification?

a. preferring $500 now rather than $1,000 dollars 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

i chose answer B. because you would be waiting a year to receive your long waited reward. i dont know what C. means, i dont know if that would be a good or bad thing? Please help me out!

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

finance - I need help bad. You have been running your small business, Craft’s ...
ROI and NPV - In the following problems, you will calculate the “simple metrics...
eng.Economic - deposits $1,000 now, $2,000 2 years from now, and $5,000 5 years ...
phycology - Which one of the following instances is an example of qualitative ...
math - The enrollment in a university is now 52,500, an increase of 5% over the ...
Math - What was the percent increase in the population in South America from ...
Finance - Tuttle Buildings Inc. has decided to go public by selling $5,000,000 ...
accounting help please?! - Nancy Sly wishes to sell her business and receives ...
accounting help please?! - Nancy Sly wishes to sell her business and receives ...
finance - P5 For the following projects, compute NPV, IRR, MIRR, profitability ...

Members