← all facts
decision making
You value immediate satisfaction more than future success.
Delay discounting is the tendency to prefer smaller, immediate rewards over larger, delayed rewards. Hyperbolic discounting is a specific mathematical model used to describe how these rewards are discounted over time.
The claim mislabels the general behavior as the specific mathematical model.
Your biology is tuned to the present, not the future.
Where this comes from
- Study
- George Ainslie, 1975
- What the check found
- The definition provided describes the general phenomenon of delay discounting. Hyperbolic discounting refers specifically to the mathematical shape of the discount function.
- Confidence
- Solid, with limits
Related
One of these every day, and every one names the study it came from. When a finding is contested, it says so.