Archive for October, 2011

October 27, 2011

The Magic of Received Wisdom

by Lucas Wilkins

Things That Annoy Me

That’s all I have to say on the matter.

October 22, 2011

What is Hyperbolic Discounting?

by Nathaniel Virgo

I’ve just been reading this New Scientist article about something called “hyperbolic discounting“.  It’s an experimental observation about human behaviour that economists don’t like because they think it’s irrational. However, a quick back-of-the-envelope calculation shows that it is the economists who are being irrational in thinking this.


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