Hyperbolic Discounting: what this star will be

Hyperbolic Discounting is a star on the Constellate sky: placed by meaning, named, and connected to the stars around it. This is the short form of its post: the line it carries, the area we colour Psychology, and what stands beside it today.

The line it carries on the sky: Distant rewards shrink far faster than the maths says they should.

What stands beside it

The stars nearest to it are Commitment Devices, Intrinsic Motivation, Loss Aversion and Operant Conditioning, and Loss Aversion is already open to walk. When Hyperbolic Discounting opens, the conversation will land it among them, with a line drawn to each idea it touches.

Ask for this star

Every star is lit by demand. Ask for Hyperbolic Discounting and it moves up the list; when it opens, this post becomes the full essay. The open stars beside it can be walked today, and the first concept of every course is free.