17) Hyperbolic Discounting

Hyperbolic discounting is a time-inconsistent model of discounting in behavioral economics. Individuals using hyperbolic discounting reveal a strong tendency to make choices that are inconsistent over time–they make choices today that their future self would prefer not to make, despite using the same reasoning.

This is known as procrastion, part II. It explains why my page views jump exponentially on Sunday nights, because all of you wizard people dear readers do not want to study for your OB exam and instead are roaming the Internet for distractions.

Me publishing this post is also hyperbolic discounting, seeing as I have midterms coming up too.

PS, the link is something else that will distract you for hours. You’re welcome.

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