Grade 9-12
,
Activity

Applying Discounting and Present Bias to Decision Making

Time: 15 mins,
Updated: August 31 2023,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
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Objective

Students will be able to:

  • Apply discounting and present bias to the decision-making process.

Standards

National Standards in Economics

State Standards

Concepts

Decision Making/Cost-Benefit Analysis

In this economics activity, students will use discounting and present bias to examine human behavior.

Resources

Procedure

This individual activity requires students to examine human behavior by using the concepts of discounting and personal bias. Further, it will explain why people tend to procrastinate when it comes to doing things that are good for them. Students will read through the three problems and complete the questions in either the Quizizz Activity or the ReadyAssessments Activity.To complete this activity, students should follow the directions below:

  1. Read through the three problems in this exercise
  2. Answer the related questions in the Quizizz Activity or in the ReadyAssessments Activity.
Subjects:

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