The Cognitive Biases Tricking Your Brain

The Cognitive Biases Tricking Your Brain
AP Photo/Nick Ut, File

I am staring at a photograph of myself that shows me 20 years older than I am now. I have not stepped into the twilight zone. Rather, I am trying to rid myself of some measure of my present bias, which is the tendency people have, when considering a trade-off between two future moments, to more heavily weight the one closer to the present. A great many academic studies have shown this bias—also known as hyperbolic discounting—to be robust and persistent.

 

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