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deinonychus commented on the word hyperbolic discounting
"Individuals using hyperbolic discounting reveal a strong tendency to make choices that are inconsistent over time—they make choices today that their future self would prefer not to make, despite using the same reasoning. This dynamic inconsistency happens because the value of future rewards is much lower under hyperbolic discounting than under exponential discounting." (Wikipedia)
I found it here: http://youarenotsosmart.com/2010/10/27/procrastination
May 16, 2012