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
Tag
Explore 3 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
10 min read
Mental accounting is the tendency to treat money differently depending on where it came from or how we label it, rather than viewing all funds as interchangeable.
Cognitive Biases / Financial framing
/ Psychological budgeting
8 min read
The denomination effect is the tendency to spend money more easily when it is in smaller units (like coins or small bills) than when it is in larger units.
Cognitive Biases / Money perception
/ Small change effect