Hyperbolic Discounting ·
Present Bias
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.com · u₀ + β·Σδᵗ·uₜ · β ≈ 0.6 – 0.8
β
—
δ
0.96
now choice
—
step
—
exponential δᵗ
hyperbolic β·δᵗ
preference flip / present
commitment / future
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.com · Hyperbolic Discounting