Hyperbolic Discounting is a cognitive bias characterized by preferring smaller immediate rewards over larger delayed ones.
Example: Choosing $50 today over $100 in a year.
Hyperbolic Discounting
·25 words·1 min·
Hyperbolic Discounting is a cognitive bias characterized by preferring smaller immediate rewards over larger delayed ones.
Example: Choosing $50 today over $100 in a year.
