In Aesop's fable, "The Ant and the Grasshopper," an ant toils all summer to gather food for the winter while a grasshopper sunbathes and enjoys the present abundance of food without concern for the up...In Aesop's fable, "The Ant and the Grasshopper," an ant toils all summer to gather food for the winter while a grasshopper sunbathes and enjoys the present abundance of food without concern for the upcoming winter. The difference in the maximum amount of money that a participant predicted as his/her willingness to pay in the present minus the predicted amount he/she would pay at a future time for a $25 Starbucks coffeehouse gift card.
In Aesop's fable, "The Ant and the Grasshopper," an ant toils all summer to gather food for the winter while a grasshopper sunbathes and enjoys the present abundance of food without concern for the up...In Aesop's fable, "The Ant and the Grasshopper," an ant toils all summer to gather food for the winter while a grasshopper sunbathes and enjoys the present abundance of food without concern for the upcoming winter. The difference in the maximum amount of money that a participant predicted as his/her willingness to pay in the present minus the predicted amount he/she would pay at a future time for a $25 Starbucks coffeehouse gift card.
