Procrastinator's Paradise: Temporal Discounting

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Temporal Discounting is a cognitive bias where people tend to value immediate rewards more highly than future rewards, leading to preference for smaller, sooner rewards over larger, later ones. This phenomenon reveals the human tendency to devalue outcomes as they are delayed in time, impacting decision-making processes in various aspects of life.

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#Psychology #Psychological #Psychologist #Mental #Temporal_Discounting

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