My final short story on behavioural biases. This week, the story focuses on the power of today over tomorrow by looking at present bias.
Present bias describes our tendency to give greater weight to rewards available now, while undervaluing the costs those choices impose on our future. And, in this story, I try to take this idea to its extreme.
I hope these little psychological stories have been enjoyable for you.
I'm taking a little break now to organise and record more interviews. Coming up in Season Two of Everything's Psychology will be: The psychology of the menopause, the psychology of watches, and the psychology of dogs as well as many more.
Over the next few weeks, I'll re-upload the most popular episodes from Season One and then be back in the spring with Season Two.
You can watch the video of this episode on YouTube at https://www.youtube.com/@EverythingsPsychology