Why do we choose short-term rewards even when we know waiting would be better? In this episode of Circuit Breaker: Rewiring Your Decisions, we explore temporal discounting - the tendency to value immediate rewards more highly than future ones, even when the future payoff is larger or wiser.

Discover how time distorts our judgement, and how understanding this bias can help you make decisions that you future self will actually thank you for.

Studies and links:

Time Discounting and Time Preference: A Critical Review | Shane Frederick, George Loewenstein and Ted O'Donoghue | Journal of Economic Literature Vol. XL | Carnegie Mellon University TimeDiscounting.pdf

Does the way information is presented change how we decide - even when the facts stay the same? In this episode of Circuit Breaker: Rewiring Your Decisions, we explore the framing effect - the cognitive bias that causes our choices to shift depending on whether something is framed as a gain or a loss.

Discover how wording steers our decisions, how identical options can feel compltetely different, and what to do to improve your judgement, so that you don't fall for the frame and start seeing reality.

Studies and links:

The Framing of Decisions and the Psychology of Choice | Amos Tversky and Daniel Kahneman Untitled

Framing Effect in Psychology | Simply Psychology Framing Effect In Psychology

Why do people with the least experience often feel the most confident - while true expertise comes with doubt? In this episode of Circuit Breaker: Rewiring Your Decisions, we explore the Dunning-Kruger Effect - the cognitive bias that causes people with limited knowledge or skill to overestimate their ability, while more competent individuals feel less confident.

Discover how gaps in self-awareness distort confidence, why learning can initially make us feel worse before we get better, and how to spot when confidence is coming from ignorance rather than understanding.

Studies and links:

Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments | Research Gate | Journal of Personality and Social Psychology (PDF) Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments

How the Dunning-Kruger Effect works | Very Well Mind The Dunning-Kruger Effect: An Overestimation of Capability