Forbes contributors publish independent expert analyses and insights. Tim Maurer covers how personal finance is more personal than finance. This article is more than 5 years old. The coronavirus is ...

Imagine you’re given a choice between receiving P1,000 today and P1,500 after two months. What would you choose? Most people would opt for the immediate P1,000. This common preference for immediate ...

Hyperbolic discounting may sound mathematically intimidating but let me try to explain it to a seven year old. Imagine gathering seven year olds and asking them, “Would you like to receive…” Option A: ...

Hyperbolic discounting behaviour can arise in experiments when expected utility maximising subjects who discount exponentially doubt the credibility of future pay-offs. In this paper the authors show ...

Self-control is hard. People tend to go for "smaller-sooner" benefits over "larger-later" rewards. Economists call this "hyperbolic discounting." You call it "I'll go to the gym next Tuesday." Nothing ...

You may have never heard the term before, but you’re definitely familiar with hyperbolic discounting in your everyday life; we all do it. Hyperbolic discounting is basically the tendency most people ...

Economists have long argued that an effective way of reducing carbon emissions is by increasing taxes on energy consumption. This year’s Nobel laureate, Bill Nordhaus, advocated a global carbon tax ...

You may have never heard the term before, but you’re definitely familiar with hyperbolic discounting in your everyday life; we all do it. Hyperbolic discounting is basically the tendency most people ...