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It’s tempting to take a reward that is available right now, but the cognitive bias can harm your future self.
For example:
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The classic experiment to show if the present bias is at play is to ask, "would you prefer $100 today or $110 in one week?" The desire for instant reward will cause many to take the $100 now rather than waiting for the reward.
A study showed stronger activation in reward-related areas of th...
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Managing the present bias consists in staying mindful of your long-term goals.
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Grabbing short-term opportunities can lead you to settle for a small present reward rather than wait for a larger future reward.
This tendency is known as the present bias. While it may feel good at the time, it can negatively impact long-term planning and decision-making.
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When you give in to temptations, you become a slave to your impulses. The resulting short-term gratification often comes at the expense of long-term fulfilment.
When you resist temptations with declarative statements that begin with “I don’t…” you become the architect of a life built upon ...
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:
To reduce the degree to which you experience the zero-sum bias, you need to identify cases where you assume that a certain situation is zero-sum, and then assess the situation rationally in order to identify whether it is actually zero-sum, which you can do, for example, by asking yours...
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