Temporal Discounting
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
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Explore 6 cognitive biases related to this topic.
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
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
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
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
6 min read
Preferring smaller, sooner rewards over larger, later ones.
Cognitive Biases
/ Time-Inconsistent Preferences
10 min read
The tendency to rely too heavily on the first piece of information encountered (the 'anchor') when making decisions, even when that information is irrelevant or arbitrary.
Cognitive Biases
/ Anchoring Effect