Construct · 1 fields · 1 citations

present bias: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
presentbias1 CONSTRUCTPresent biasO'DONOGHUE · BEHAVIORAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Behavioral economics

giving extra weight to the present over all future moments, so people put off costly tasks and grab immediate rewards.

In behavioral economics, present bias refers to giving extra weight to the present over all future moments, so people put off costly tasks and grab immediate rewards. This meaning comes from O'Donoghue (1999) in American Economic Review.[1]

Unit
Recovery means
Measured by

Next

Run it through the Collider, or take the citations with you.

See how present bias sits against neighbouring constructs in the Collider, or export every reference on this page in one click.

Open in ColliderExport BibTeXReport this entry

Nearby constructs

naive versus sophisticated present bias1 fields · 1 citationsanchor · a standalone constructbias6 fields · 8 citationsjingle · one name, six constructscommitment savings1 fields · 1 citationsanchor · a standalone construct

References

  1. O'Donoghue, T., & Rabin, M. (1999). Doing It Now or Later. American Economic Review, 89(1), 103-124. https://doi.org/10.1257/aer.89.1.103

Cited on this page?

Confirm your construct, or correct us.

If your work is cited behind one of these entries, you know better than we do whether we captured the meaning right. Confirm it, suggest an edit, or dispute it, and your name goes on the entry as an author who has checked it, linked to your ORCID.

Claim your construct