Hyperbolic discounting: It’s now vs. the future, and it’s not a fair fight

“Hyperbolic discounting” is one of those terms that sounds more impressive than it is. People make weird – but oddly predictable – decisions when balancing today’s desires against tomorrow’s needs.  As a concept, however, it’s quite powerful. There’s a pattern to your bad choices.  Understand that pattern and you can … Continue reading Hyperbolic discounting: It’s now vs. the future, and it’s not a fair fight