This Week in Browsing #012
Hyperbolic discounting “Hyperbolic discounting is the human tendency to choose “smaller-sooner” rewards over “larger-later” rewards because of a lack of patience to wait for the larger reward.” “When you procrastinate, you opt for the instant gratification of enjoying yourself rather than the future reward of accomplishing the things you set out to do.” “Hyperbolic discounting: … Read more