Present Tension: Implications of Present-Bias Heterogeneity on Development Aid and Initiatives

"Present" - A Universal Bias The concept of present bias is a foundational--and extensively studied--concept within behavioral economics. Simply put, it describes the tendency for economic actors (i.e. people!) to place a higher value on the present as compared to the future. It is widespread to the point of anecdote--most everyone has at some point … Continue reading Present Tension: Implications of Present-Bias Heterogeneity on Development Aid and Initiatives