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2765: Hyperbolic Discounting: Why You Make Terrible Life Choices by Lakshmi Mani

Optimal Living Daily - Personal Development and Self-Improvement

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Introduction

Hyperbolic discounting is a cognitive bias where people choose smaller immediate rewards rather than larger, later rewards. The discounted present value of the future reward follows a mathematical curve called a hyperbola. Optimal Living Daily Episode 2765: Why You Make Terrible Life Choices? By Lakshmi Mani with Near and Far.com.

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