AI Snips
Chapters
Transcript
Episode notes
Ancient Roots of Procrastination
- Procrastination stems from our brains favoring short-term rewards over long-term benefits.
- This behavior, known as akrasia, has been studied since ancient Greek philosophy.
Understanding Hyperbolic Discounting
- Hyperbolic discounting drives us to choose immediate pleasure over greater future rewards.
- We devalue delayed rewards more the longer we wait for them.
Buy Now Pay Later Example
- The "buy now, pay later" model exploits hyperbolic discounting to boost sales.
- Companies like Affirm and Klarna build billion-dollar businesses on this bias.