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Hyperbolic discounting
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{{Refimprove|date=June 2010}}
Given two similar rewards, humans show a preference for one that arrives sooner rather than later. Humans are said to ''discount'' the value of the later reward, by a factor that increases with the length of the delay. In [[behavioral economics]], '''hyperbolic discounting''' is a particular mathematical model thought to approximate this discounting process; that is, it models how humans actually make such valuations. Hyperbolic(contracted; show full)* [[Time preference]]
* [[Intertemporal choice]]
* [[Deferred gratification]]

==Footnotes==
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==Further reading==
* Ainslie, G. W. (1975) Specious reward: A behavioral theory of impulsiveness and impulsive control. ''Psychological Bulletin'', 82, 463-496.
* Ainslie, G. (1992) ''Picoeconomics: The Strategic Interaction of Successive Motivational States Within the Person''. Cambridge. Cambridge University Press.
* Ainslie, G. (2001) ''Breakdown of Will'' Cambridge, Cambridge University Press, ISBN 978-0521596947
* Musau, A. (2009): Modeling Alternatives to Exponential Discounting, MPRA Paper 16416, University Library of Munich, Germany.
* Rachlin, H. (2000). ''The Science of Self-Control'' Cambridge;London: Harvard University Press

[[Category:Cognitive biases]]
[[Category:Behavioral finance]]

[[pl:Hiperboliczne obniżenie wartości]]⏎
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