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Stream: community: discussion

Topic: Exponential discounting


view this post on Zulip John Baez (Oct 25 2020 at 19:50):

I wrote a blog article about exponential discounting - that is, why economists tend to assume the value today of a dollar in the future decreases exponentially with time, even though empirical research shows that's not how people actually act:

This is a bit digressive from the theme of "values" - but it's connected to values, because we are always trying to figure out what to do today versus what to put off - and the value of something now compared to its value in the future.