discount future rewards more than exponential discounting predicts. $100 today vs $110 tomorrow — we take $100. $100 in a year vs $110 in a year and a day — we take $110. The...
The core idea
discount future rewards more than exponential discounting predicts. $100 today vs $110 tomorrow — we take $100. $100 in a year vs $110 in a year and a day — we take $110. The...
Connected
Availability Heuristic
judge the likelihood of events based on how easily examples come to mind, not on
Anchoring
information encountered disproportionately shapes all subsequent judgements.
Bandwagon Effect
adopt trends because others have — popularity self-reinforces.
Bystander Effect
éMore witnesses means less action — responsibility diffuses across groups.
Cognitive Dissonance
between beliefs and actions drive rationalisation over change.
Confirmation Bias
seek evidence that confirms what we already believe and filter out what contradi