Picoeconomics is a theory that emphasizes the idea that when people make decisions, they tend to overestimate the value of benefits that will occur in the future.

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Picoeconomics is actually a theory that focuses on the internal conflict within individuals between smaller, immediate rewards and larger, delayed rewards, often explaining why people might choose a smaller-sooner reward over a larger-later reward, contrary to the idea of overestimating future benefits.

Picoeconomics Is a Theory That Emphasizes the Idea That When