[am_vanquish]

Originally Posted by Inkstain82

Human beings aren't inherently rational, we have a lot of cognitive biases to overcome.

Here's a few that tend to get people in the most trouble financially:

Hyperbolic discounting - Wikipedia, the free encyclopedia
Loss aversion - Wikipedia, the free encyclopedia
Pseudocertainty effect - Wikipedia, the free encyclopedia

I found those links to be fascinating. Does anyone have any other fun sources for behavioral ecnomics or "prospect theory"?