Question 1

1pts

Experiments with rodents have shown that:

Group of answer choices

a. rats bred as genetically dull became significantly brighter when put in enriched environments.

b. mice genetically bred to be fearless and seek novelty became more similar to genetically shy mice when placed with shy mothers.

c. the maternal environment has significant influence early in life.

d. both a and b

e. all of the above

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Question 2

1pts

Children who have not received promised rewards in the past are more likely to:

Group of answer choices

a. wait longer for the larger reward.

b. not trust that the larger reward will be available at a later date.

c. take the smaller reward now rather than wait for the larger reward.

d. both b and c

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Question 3

1pts

If you have $50 today, what will it be worth in 5 years if the annual interest rate is 8% and compounded continuously?

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Question 4

1pts

If you will get $600 in 5 years, what is it worth today if the annual interest rate is 5% and compounded monthly?

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Question 5

1pts

A reward that is discounted hyperbolically will be worth 1000 after 15 units of time. What is the value of the reward after 6 units of time (i.e., 9 units of time prior to getting the reward)?

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Question 6

1pts

Which of the following ways of compounding interest will most closely approximate continuously compounded interest?

Group of answer choices

a. compounded daily

b. compounded biannually

c. compounded weekly

d. compounded monthly

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Question 7

1pts

A small reward with a subjective value of 300 is available after 3 units of time. A larger reward with a subjective value of 700 is available after 7 units of time. If discounting occurs hyperbolically, after 2 units of time, the value of the small reward would be, and the value of the large reward would be.

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Question 8

1pts

A reward that is discounted hyperbolically is worth 89 seven units of time prior to getting the reward. What will it be worth two units of time prior to getting the reward?

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Question 9

1pts

A reward that temporarily becomes preferable to a larger, later reward is known as areward.

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Question 10

1pts

Which of the following strategies would likely be the most effective at resisting a smaller, sooner reward that interferes with getting a larger, later reward?

Group of answer choices

a. Having a general sense of how to resist the small reward so that your plan will be maximally applicable in many different situations

b. Having a specific plan for what to do when the small reward is available so that a plan does not have to be made in the moment

c. Preparing a plan very close in time to the smaller, sooner reward so that the plan will not have yet been forgotten

d. Not preparing a plan in advance so that you can get more practice at resisting temptations on the spot