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Need to act fast
To stay focused, we favor the immediate, relatable thing in front of us
4 Biases in Category
To stay focused, we favor the immediate, relatable thing in front of us
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Hyperbolic Discounting
We prefer smaller, immediate rewards over larger, later rewards, with preferences changing over time.
Appeal to Novelty
We assume that something new is automatically better than something old.
Identifiable Victim Effect
We respond more strongly to a single, identifiable person in need than to a large, anonymous group.
Affect Heuristic
We rely on our current emotions ("gut feelings") to make quick decisions, judging risks/benefits based on how we feel.
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