Hyperbolic Discounting
A cognitive bias where people disproportionately prefer smaller, immediate rewards over larger, later rewards.
A cognitive bias where people disproportionately prefer smaller, immediate rewards over larger, later rewards.
The phenomenon where having too many options leads to anxiety and difficulty making a decision, reducing overall satisfaction.
The concept that humans have a finite capacity for attention, influencing how they perceive and interact with information.
The mistaken belief that a person who has experienced success in a random event has a higher probability of further success in additional attempts.
The phenomenon where having too many options leads to decision-making paralysis and decreased satisfaction.
A cognitive bias where people place too much importance on one aspect of an event, causing errors in judgment.
The experience of noticing something for the first time and then frequently encountering it shortly after, also known as frequency illusion.
The tendency to search for, interpret, and remember information in a way that confirms one's preexisting beliefs or hypotheses.
A cognitive bias where individuals overestimate their own abilities, qualities, or performance relative to others.