Optimism Bias And Temporal Discounting - Deepstash

Optimism Bias And Temporal Discounting

  • Optimism Bias is when we are sure about the success of a certain project or venture and do not take into account the scenarios of failure.
  • Temporal Discounting is a cognitive error where we make decisions taking into account the present condition, and not bothering about any future consequences.

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emerson_yo

1 + 1 = 3, that's the defintion of a good team.

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