Hyperbolic Discounting
6 min read
Preferring smaller, sooner rewards over larger, later ones.
Cognitive Biases
/ Time-Inconsistent Preferences
Tag
Explore 5 cognitive biases related to this topic.
6 min read
Preferring smaller, sooner rewards over larger, later ones.
Cognitive Biases
/ Time-Inconsistent Preferences
10 min read
Money illusion is the tendency to think in terms of nominal currency values rather than real purchasing power adjusted for inflation.
Cognitive Biases / Economic perception
/ Nominal thinking
10 min read
Ambiguity aversion is the tendency to prefer known risks over unknown or poorly defined risks, even when the expected outcomes are similar.
Cognitive Biases / Risk and uncertainty
/ Uncertainty aversion
2 min read
Zero-sum bias is a cognitive bias towards thinking that a situation is a zero-sum game, where one person's gain would be another's loss.
Social Biases
/ Fixed pie bias
2 min read
Temporal discounting (or hyperbolic discounting) is the tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs.
Cognitive Biases
/ Hyperbolic discounting