What is hyperbolic discounting bias? Why is the brain so prone to seeking immediate gratification? Hyperbolic discounting bias is the tendency to crave immediate gratification and the willingness to sacrifice an unreasonable amount of money, time, or effort for that immediacy. According to Rolf Dobelli, the author of The Art of Thinking Clearly, humans are hardwired to opt for immediate reward (in the past, it helped us survive), but more often than not, it inspires bad decisions, like paying a high amount to get something quicker. Keep reading to learn about hyperbolic discounting bias, why it happens, and how to
Hyperbolic Discounting Bias: What It Is & How to Avoid It
