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It’s widely known that humans tend to sacrifice long term rewards for smaller, more immediate gains. We tackle a less widely disseminated model of behavior called hyperbolic discounting that implies our impulsive decisions have some very surprising characteristics.
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It’s widely known that humans tend to sacrifice long term rewards for smaller, more immediate gains. We tackle a less widely disseminated model of behavior called hyperbolic discounting that implies our impulsive decisions have some very surprising characteristics.