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What is better, one banana today or 2 bananas tomorrow? If you do the math for these intertemporal choices with different combinations of time and rewards, the
by 29athrowaway 4y ago
What is better, one banana today or 2 bananas tomorrow?
If you do the math for these intertemporal choices with different combinations of time and rewards, the answer is hyperbolic discounting.
https://en.wikipedia.org/wiki/Hyperbolic_discounting https://en.wikipedia.org/wiki/Hyperbolic_discounting
Behavioral economics is part of the knowledge that predatory people use to exploit the poor.
- brailsafe 4y agoIdeally you'd want want one banana today and one tomorrow, especially if all you can afford is one banana per day.