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Status quo bias - Wikipedia, the free encyclopedia
e.x.
Check the box if you want to be an organ donor - 25% check it in England
Check the box if you don't want to be an organ donor - 10% check it in the rest of Europe
donate  donor  model  bias  economics  from delicious
march 2013 by bmaddy
Hyperbolic discounting - Wikipedia, the free encyclopedia
If you have the choice of getting $1,000 today or $1,005 tomorrow, many will take the $1,000. If you have that same choice for a year from now and a day later than that, people will be more likely to take the $1,005.
economics  bias  time  model  from delicious
march 2013 by bmaddy
Economics Interactive
people are risk averse when considering potential gains, but risk loving when considering potential losses
bias  model  economics  gamble  risk  from delicious
march 2013 by bmaddy

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