Monday, May 15, 2006

Hyperbolic Discounting

"Eat, drink and be merry, for tomorrow we may die."

It's an appealing philosophy to some, but for an average person in the modern world, on any given day the utterer is roughly 26,000 times more likely to be wrong than right about tomorrow's survivability. More often than not, one must answer for all reckless consumption and merriment; yet most of us continue to make choices which are detrimental to our futures.

Hyperbolic Discounting

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