EPISODE · Dec 28, 2022 · 14 MIN
Behavioral finance: Hyperbolic discounting (It is my money and I need it now!)
Would you rather receive 100 USD today or 110 USD next year? Most of us will choose a smaller, immediate payout over a larger reward that we need to wait for. This tendency contributes to procrastination, and makes it more difficult for us to achieve our long-term goals. In this podcast, we discuss strategies for tackling the hyperbolic discounting bias to achieve our New Year’s Resolutions and long-term aspirations.
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Behavioral finance: Hyperbolic discounting (It is my money and I need it now!)
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