Hyperbolic
Discounting is the act of over-weighting short term pain and under-weighting any resulting long term gain.
For an
explanation of the term 'hyperbolic discounting' see the book review page of
this blog. In 'Filthy Lucre' Joseph Heath writes in great detail about public
policy implementation and the ways that details can derail intent.
In this post
I had intended to share a few thoughts about how this concept resonnates with
personnal freedom and commitment. I will, however, demonstrate it instead by
going to a scheduled class at the gym.
No comments:
Post a Comment