4 ms·
The examples in the article sound more or less like a wild re-explanation of the economic concepts of present value and discount rate. With all the literature
by bjt 12y ago
The examples in the article sound more or less like a wild re-explanation of the economic concepts of present value and discount rate. With all the literature available there, it's a shame the article doesn't make that connection.
http://en.wikipedia.org/wiki/Present_value http://en.wikipedia.org/wiki/Present_value
http://en.wikipedia.org/wiki/Intertemporal_choice http://en.wikipedia.org/wiki/Intertemporal_choice
- cauterized 12y agoYou're confusing a subconscious psychological mechanism with a rationally applied economic concept.