4 ms·
It's not a bias. What are the odds that you actually show up next week and remember that you owe me money? Pretty low. Better take the $1 now.
by user5994461 8y ago
It's not a bias. What are the odds that you actually show up next week and remember that you owe me money? Pretty low. Better take the $1 now.
- bumby 8y agoIt actually is a bias, I just probably didn't do the concept justice in explaining it. https://www.behavioraleconomics.com/resources/mini-encyclopedia-of-be/present-bias/ https://www.behavioraleconomics.com/resources/mini-encyclope... I think what you're referring to is more akin to uncertainty risk.