Understanding Time Inconsistency The Beta Delta Model Hyperbolic Discounting

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Detailed Analysis of Time Inconsistency The Beta Delta Model Hyperbolic Discounting

This video introduces the behavioral economics idea of present bias. Present-biased people can be patient or impatient -- what ... Explore This video explains the difference between the three types of people in behavioral economics: econs, sophisticates and naifs.

Hyperbolic discounting theory

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