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Horned Frog Athletics
Scott & Wes Frog Fan Forum
Zach Evans…
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<blockquote data-quote="Sweat Equity" data-source="post: 3117445" data-attributes="member: 69880"><p>Over 70% of lottery winners elect the lump sum. Not suggesting that is an academic example, but we, as humans, are inherintely distracted by the availability bias which morphs into cognitive bias: You see a big number now vs. a larger number over a longer (sometimes much longer) period of time, the availability bias directs you to the big number now.</p></blockquote><p></p>
[QUOTE="Sweat Equity, post: 3117445, member: 69880"] Over 70% of lottery winners elect the lump sum. Not suggesting that is an academic example, but we, as humans, are inherintely distracted by the availability bias which morphs into cognitive bias: You see a big number now vs. a larger number over a longer (sometimes much longer) period of time, the availability bias directs you to the big number now. [/QUOTE]
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