I agree with your thoughts on hyperbolic discounting. Maybe I'll be dead next year. Maybe I just don't trust you. Probabilistic reasoning is a tricky business

I agree with your thoughts on hyperbolic discounting. Maybe I'll be dead next year. Maybe I just don't trust you. Probabilistic reasoning is a tricky business. Also, I can reason about the likelihood that the store is going to have a loaf of bread tomorrow because we have experience dealing with that every day. The kind of scenarios concocted by economists are quite odd. Rarely is a stranger just giving you money with no strings attached.