{"id":577,"date":"2009-03-23T13:45:47","date_gmt":"2009-03-23T13:45:47","guid":{"rendered":"http:\/\/localenterprise.wordpress.com\/?p=577"},"modified":"2009-03-23T13:45:47","modified_gmt":"2009-03-23T13:45:47","slug":"are-you-biased-towards-the-present","status":"publish","type":"post","link":"http:\/\/realisedevelopment.net\/index.php\/2009\/03\/23\/are-you-biased-towards-the-present\/","title":{"rendered":"Are You Biased Towards the Present?"},"content":{"rendered":"<p>A paper published by the UK Government&#8217;s Parliamentary Office for Science and Technology provides a useful reminder that people do not always\/often make rational decisions, and that one of the reasons for the irrationality is a bias for the present.<\/p>\n<p>In short this means that we put off or never do things that are in our own best interest simply because we see the pay-off being to far away in the future.\u00a0 Hence we stay fat and smoke &#8211; because any benefits of giving up won&#8217;t be experienced for ages.<\/p>\n<p>It transpires that the poorer you are the more likely you are to show this bias for the present over the future.<\/p>\n<p>This bias would seem to be important for enterprise professionals to :<\/p>\n<ul>\n<li>recognise,<\/li>\n<li>understand and<\/li>\n<li>overcome<\/li>\n<\/ul>\n<p>Any tips you want to share for helping cleints overcome their bias towards the present?<\/p>\n<p>You can read the full OST paper on <a href=\"http:\/\/www.parliament.uk\/documents\/upload\/postpn328.pdf\">Delaying Gratification<\/a> here.<\/p>\n<div class=\"SPOSTARBUST-Related-Posts\"><ul class=\"entry-meta\"><li class=\"SPOSTARBUST-Related-Post\"><a title=\"Olympic Gold &#8211; It all starts with a dream&#8230;.\" href=\"http:\/\/realisedevelopment.net\/index.php\/2012\/08\/10\/olympic-gold-it-all-starts-with-a-dream\/\" rel=\"bookmark\">Olympic Gold &#8211; It all starts with a dream&#8230;.<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"An imaginary open letter: To those who would &#8216;engage&#8217; us&#8230;\" href=\"http:\/\/realisedevelopment.net\/index.php\/2012\/08\/09\/an-imaginary-open-letter-to-those-who-would-engage-us\/\" rel=\"bookmark\">An imaginary open letter: To those who would &#8216;engage&#8217; us&#8230;<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"Some thoughts on Best City outcomes\" href=\"http:\/\/realisedevelopment.net\/index.php\/2012\/07\/05\/some-thoughts-on-best-city-outcomes\/\" rel=\"bookmark\">Some thoughts on Best City outcomes<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"Some Barriers to Engagement\" href=\"http:\/\/realisedevelopment.net\/index.php\/2012\/06\/13\/some-barriers-to-engagement\/\" rel=\"bookmark\">Some Barriers to Engagement<\/a><\/li>\n<li class=\"SPOSTARBUST-Related-Post\"><a title=\"Getting to Grips with Social Finance &#8211; FREE TRAINING\" href=\"http:\/\/realisedevelopment.net\/index.php\/2012\/06\/12\/getting-to-grips-with-social-finance-free-training\/\" rel=\"bookmark\">Getting to Grips with Social Finance &#8211; FREE TRAINING<\/a><\/li>\n<\/ul><\/div>","protected":false},"excerpt":{"rendered":"<p>A paper published by the UK Government&#8217;s Parliamentary Office for Science and Technology provides a useful reminder that people do not always\/often make rational decisions, and that one of the reasons for the irrationality is a bias for the present. In short this means that we put off or never do things that are in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[36,65,67,141,164,169,209],"class_list":["post-577","post","type-post","status-publish","format-standard","category-enterprise","tag-community","tag-enterprise","tag-enterprise-coaching","tag-operations","tag-professional-development","tag-psychology","tag-training","entry"],"_links":{"self":[{"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/posts\/577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/comments?post=577"}],"version-history":[{"count":0,"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/posts\/577\/revisions"}],"wp:attachment":[{"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/media?parent=577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/categories?post=577"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/realisedevelopment.net\/index.php\/wp-json\/wp\/v2\/tags?post=577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}