Dual Self Model
A behavioral economics model that explains decision-making as a conflict between a present-oriented "doer" and a future-oriented "planner".
A behavioral economics model that explains decision-making as a conflict between a present-oriented "doer" and a future-oriented "planner".
A cognitive bias where people avoid negative information or situations, preferring to remain uninformed or ignore problems.
The use of data and insights to understand and manage relationships with customers and prospects.
The tendency for people to overestimate their ability to control events.
A cognitive bias where the pain of losing is psychologically more powerful than the pleasure of gaining.
The phenomenon where people continue a failing course of action due to the amount of resources already invested.
The tendency to believe that things will always function the way they normally have, often leading to underestimation of disaster risks.
A cognitive bias where people prefer the option that seems to eliminate risk entirely, even if another option offers a greater overall benefit.
A cognitive bias where people disproportionately prefer smaller, immediate rewards over larger, later rewards.