Hyperbolic Discounting: Why the Present Always Wins
Concepts Corrected & verified

Hyperbolic Discounting: Why the Present Always Wins

Published by When Notes Fly · View original ↗

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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  1. 11 July 2026 · corrected by Emir Baycan

    Robert H. Strotz was at Northwestern University, not the University of Illinois

    Before

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

    After

    Robert Strotz, a Northwestern University economist, published a paper

    Why: 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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Emir BaycanExpert Contributor