Temporal Discounting Effects

A decision bias centered on how people weigh a present reward or cost against a future one, most often documenting that people systematically undervalue a delayed outcome relative to an immediate one, or continue investing in a choice because of resources already spent rather than the choice's actual future value. This group gathers the temporal discounting phenomena recorded for this atlas, drawn from the standard judgment-and-decision-making literature on delay discounting, procrastination and the sunk cost fallacy and its relatives.