Hyperbolic Discounting: Why the Present Always Wins
Richard Thaler found that people prefer $15 now over $20 in a month — but are indifferent between $15 in a year and $20 in 13 months.
December 2024
November 2022
What Is Long-Term Thinking and Why It's So Hard
Long-term thinking means weighing future consequences as seriously as immediate ones. Learn why our brains resist it and the frameworks that help...