1: Is there a natural bias to neglect the long run and concentrate too much on the short run in decision-making? Why is this so, or is it not so?

2: Comment on the difficulty of calculating opportunity costs (the economic concept) as compared to accounting costs (explicit costs). Do you have any suggestions for making the calculation of implicit costs easier?

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Is there a natural bias to neglect the long run and concentrate too much on the short run in decisionmaking Why is this so or is it not so Yes I think that there is a natural bias to neglect the long ... View the full answer