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.
All articles tagged with "Present Bias"
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.