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Question
deciding to go to the beach instead of doing homework is an example of _______. loss aversion herd mentality present bias confirmation bias
Present bias is the tendency to give more weight to present - day rewards over future ones. Choosing to go to the beach instead of doing homework is prioritizing immediate pleasure (going to the beach) over a future - oriented task (homework), which is an example of present bias. Loss aversion is about avoiding losses, herd mentality is following the crowd, and confirmation bias is seeking information that confirms one's beliefs.
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present bias