James Thorniley
Lucas Wilkins
Joshaniel Cooper
Nathaniel Virgo
Sally Frampton
That’s all I have to say on the matter.
October 22, 2011
What is Hyperbolic Discounting?
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.
