Gentle Advice Deck
 behavioural economics

 Hyperbolic discounting

"Would you prefer a dollar today or three dollars tomorrow?" or "Would you prefer a dollar in one year or three dollars in one year and one day?" It has been claimed that a significant fraction of subjects will take the lesser amount today, but will gladly wait one extra day in a year in order to receive the higher amount instead.

weight: 0 c: 01/2018 m: 03/2018 d…

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