The Present Bias - Deepstash
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The Present Bias

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 off the harder things that set our future selves up for success. When we fail to eat healthier, save more, or make progress on our goals, we’re digging ourselves into holes and leaving it to our Future Selves to try and find a way out.

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The Present Bias: What You Can Do About It

  • 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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brarh

Life is not about waiting for the storms to pass. It`s about learning how to dance in the rain.

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Present Bias

We tend to choose a smaller, immediate reward over a larger reward in the future. For example, playing video games is more enjoyable than writing or coding or designing.

What you can do about it:

  • Help your future self...

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