Aedge Podcast - Rarely Rational - Hyperbolic Discounting
Now or Later?
Many important decisions concerning our health, wellness, finances and careers are affected by Hyperbolic Discounting.
Listen to Suchitra G and Jyothi Sridhar talk about this cognitive bias and why we value immediate rewards more than those that are long-term.
What is Hyperbolic Discounting?
Credit cards and loyalty points use this cognitive bias
Instant gratification and procrastination as a result of hyperbolic discounting.
Why does it happen?
How to avoid it?
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