Media Summary: This video explains time inconsistency or present bias in the beta-delta model. This is also known as Evelyn Gosnell, Lead Behavioral Researcher for Irrational Labs discusses Serious Science - Neuroscientist Samuel McClure on why we violate our best intentions, 'dual selves ...
Understanding Hyperbolic Discounting In Decision Making - Detailed Analysis & Overview
This video explains time inconsistency or present bias in the beta-delta model. This is also known as Evelyn Gosnell, Lead Behavioral Researcher for Irrational Labs discusses Serious Science - Neuroscientist Samuel McClure on why we violate our best intentions, 'dual selves ... Why do people sacrifice long-term success for short-term comfort? Why do intelligent individuals procrastinate, overspend, ... You know every quiet wealth habit there is. Invest early. Automate. Live below your means. So why aren't you doing it?
