THE WORDCRAFT DEFINITION DICTIONARY
present-biased
adjective
Giving disproportionately greater weight to an immediate outcome than to a later one.
Local English device voice, when available. This is not a recorded dictionary pronunciation.
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Examples in context
The example describes a present-biased choice between a small reward now and a larger reward later.
Choosing between supplies available now and a larger set later made the theater's planning intertemporal. Months ahead, the team preferred six bulbs a month after pickup day to four on pickup day; when that day arrived, it suddenly chose four immediately despite unchanged needs. The treasurer called that reversal present-biased because the immediate option gained disproportionate weight.
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This entry is part of the vocabulary collection supplied by GlobalRPh. Definitions are concise study meanings. Examples combine original teaching sentences with selected passages adapted from the supplied study notes; their source is labeled beside each example. A word may have additional specialized or historical senses.
Adapted from supplied vocabulary notes. Example written for WordCraft.
Source study sections: 21.
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