hyperbolic discounting

 results in a choice that one's future selves would prefer not to have made.

Hyperbolic discounting leads to choices that are inconsistent over time people make choices today that their future selves would prefer not to have made, despite using the same reasoning.[46] Also known as current moment bias, present-bias, and related to Dynamic inconsistency.

is the idea that people put an overly high value on the here and now and an overly low value on the future.

Hyperbolic Discounting is the idea that People put an overly high value on the here and now and an overly low value on the future.

is the tendency to prefer more immediate payoffs relative to later payoffs.

Hyperbolic discounting is the tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs.

hyperbolic discounting, n.All

hyperbolic discounting