Present bias occurs because there is a match in the timing of benefits and costs.

Name: Present bias occurs because there is a match in the timing of benefits and costs.
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Present bias refers to the tendency of individuals to give stronger weight to payoffs that are closer to the present time when considering trade-offs between two future moments. It does not necessarily involve a match in the timing of benefits and costs, but rather an overvaluation of immediate rewards over future ones.

Present Bias Occurs Because There Is a Match in the Timing