Many have erroneously described hyperbolic discounting as an extreme bias toward current consumption. Describe why this is

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Many have erroneously described hyperbolic discounting as an extreme bias toward current consumption. Describe why this is a false statement. Explain intuitively what hyperbolic discounting does to decisions involving intertemporal choice.

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Introduction to Behavioral Economics

ISBN: 978-0470596227

1st edition

Authors: David R. Just

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Question Posted: May 24, 2016 06:50 AM

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Many have erroneously described hyperbolic discounting as an extreme bias toward current consumption. Describe why this is

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An extreme bias toward current consumption could occur sim...View the full answer

Introduction to Behavioral Economics

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