hyperbolic discounting

However, alternatives like hyperbolic discounting have more empirical support.

Hyperbolic discounting has been observed in humans and animals.

Hyperbolic discounting has also been found to relate to real-world examples of self-control.

Hyperbolic discounting has also been offered as an explanation of the divergence between privacy attitudes and behaviour.

There is strong evidence against this last part in both humans and animals, and hyperbolic discounting has been proposed as an alternative model.

In economics, hyperbolic discounting is a time-inconsistent model of discounting.

This evidence only supports hyperbolic discounting, not exponential.

Exponential discounting and hyperbolic discounting are the two most commonly used examples.

This is also called hyperbolic discounting.

An idea gaining currency among economists known as hyperbolic discounting is that individuals use a larger discount rate for shorter time periods.

For example, one prominent finding in Behaviorial Finance is that individuals employ hyperbolic discounting.

An article from 2003 noted that the evidence might be better explained by a similarity heuristic than by hyperbolic discounting.

But come April 30, we pick the 12 hours, exhibiting an overweighting of immediate rewards and costs that scholars call hyperbolic discounting.

This device helps overcome hyperbolic discounting.

The hyperbolic discounting model is another commonly used model that allows to obtain more realistic results with regard to human decision-making.

Hyperbolic discounting is a particular mathematical model devised as an improvement over exponential discounting.

Likewise, some have suggested that high-rate hyperbolic discounting makes unpredictable (gambling) outcomes more satisfying.

This pattern is sometimes referred to as hyperbolic discounting or "present bias" because people's judgements are bias to present events.

The standard experiment used to reveal a test subject's hyperbolic discounting curve is to compare short-term preferences with long-term preferences.

Hyperbolic discounting is mathematically described as:

Hyperbolic discounting describes the tendency to discount outcomes in near future more than for outcomes in the far future.

Belichick also seems to understand an idea that economists call "hyperbolic discounting," which holds that people tend to place too much value on the here and now.

Thus, it incorporates primary aspects of multiple major theories, including expectancy theory, hyperbolic discounting, need theory and cumulative prospect theory.

This dynamic inconsistency happens because the value of future rewards is much lower under hyperbolic discounting than under exponential discounting.

Some formulations treat not as a constant, but as a function that itself varies over time, for example in models which use the concept of hyperbolic discounting.