Grade K-2, 3-5
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Activity

Applying Discounting and Present Bias to Decision Making

Time: 15 mins,
Updated: June 1 2021,

Objective

Students will be able to:

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

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

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. 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.