Present Bias: Why It's So Hard to Give a Damn About Our Future Selves - Deepstash

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Present Bias: Why It's So Hard to Give a Damn About Our Future Selves

Present Bias: Why It's So Hard to Give a Damn About Our Future Selves

blog.doist.com

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The Present Bias

It describes our tendency to choose a smaller, immediate reward over a larger reward in the future. Ice cream tastes better than broccoli. Buying new clothes is more fun than saving money for a far-off retirement.

Present bias leads us to forever putting o...

  • Help out your future self. For example, if you have a hard time saving money, automate your savings withdrawals every month so it happens without you having to think about it.
  • Find ways to make the “right” thing a little more pleasant. S...

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