Favor immediate, known things(3)


Identifiable victim effect

We are more willing to help a specific, identifiable person over a large but vaguely defined group with the same issue.

Tagged With: Cognitive Bias, Favor immediate, known things,

Appeal to novelty

We believe that things are better just because they are new.

Tagged With: Cognitive Bias, Favor immediate, known things, fallacy,

Hyperbolic discounting

We discount the value of a reward given later by a factor of the delay in getting the reward.

Tagged With: Cognitive Bias, Favor immediate, known things,