Hyperbolic discounting
People value small short-term payoffs more than much higher long-term payoffs.
CONTEXT(Help)
-
The Global Financial Crisis »The Global Financial Crisis
▲
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
▲
Human cognitive biases »Human cognitive biases
▲
Forms of human cognitive bias? »Forms of human cognitive bias?
■
Hyperbolic discounting
+Comments (0)
+Citations (0)
+About