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Home/Glossary/Present bias
Psychology

Present bias

Also called: instant gratification

In shortValuing a reward now much more than a bigger reward later.

Present bias pulls people from long-term plans into short-term trades and quick-flip memecoins. Automating long-term buys (DCA) helps.

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  • Present bias
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Related terms

  • Dollar-cost averaging (DCA)Investing a fixed amount at regular intervals, regardless of price.
  • HODLHolding crypto for the long term instead of selling during price swings.
  • FOMO (fear of missing out)The anxious urge to buy because everyone else seems to be making money.

More in Psychology

  • Anchoring bias
  • Confirmation bias
  • Herd mentality
  • Illusion of control
  • Loss aversion
  • Narrative fallacy
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