Hyperbolic Discounting: Why the Present Always Wins
Correction Concepts

Hyperbolic Discounting: Why the Present Always Wins

Corrected by Emir Baycan · on When Notes Fly · 11 July 2026 · View published page ↗

Richard Thaler found that people prefer $15 now over $20 in a month, but are indifferent between $15 in a year and $20 in 13 months.

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Robert Strotz, a University of Illinois economist, published a paper
+Robert Strotz, a Northwestern University economist, published a paper

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Verified already correctly fixed in body content ('Northwestern University economist'). FAQ and excerpt do not mention Strotz's affiliation at all. No further action needed.

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