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future Most people tend to value present conditions over future ones. This a hard-wired condition called "hyperbolic discounting" and can be traced to our ancestors who lived, quite literally, one day at a time. What that means is we...

않을까? 흥미롭게도 내일의 1만원은 이보다 훨씬 큰 가치를 지니는 데 말이다.행동경제학자들이 ‘과장된 가치 폄하hyperbolic discounting’를 소개하기 전까지 이 질문들은 미궁 속을 헤매고 있었다. 과장된 가치 폄하는 영국 리즈 대학교에서 1998...

In general humans prefer to get the pleasure right now, and leave the pain for later. Economists call this hyperbolic discounting. In a study by Read and van Leeuwen (1998), when making food choices for next week, 74% of participants...

have indeed abandoned basic arithmetic here, and are instead engaging in a sort of loose thinking called “hyperbolic discounting” – the willingness to impatiently accept very small payoffs today in preference to larger rewards that...