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addiction (21) akrasia (11) behavioral economics (8) hyperbolic discounting (5) utility functions (3) trivial inconveniences (2) time discounting (2)

Time and Effort Discounting

Scott explains time and effort discounting through examples like candy placement affecting consumption, argues that hyperbolic discounting creates preference reversals, and suggests these are better understood as reward functions rather than true preferences.

lw
Jul 7, 2011 1,315 words 68 likes 32 comments Read Read Opened Opened
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