Ashish gamer world
@ba1
Hyperbolic Discounting: Why We Prefer Instant Rewards Over Bigger Future Gains ๐ฐ๐ฐ๏ธ @hyperbolic_labs
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Ashish gamer world
@ba1
1/ Ever wondered why people choose $50 today over $100 a year later? ๐ค This behavior is called Hyperbolic Discountingโa psychological bias that makes us favor immediate rewards, even if waiting is more beneficial. Letโs break it down! ๐งต๐
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Ashish gamer world
@ba1
/ What is Hyperbolic Discounting? Itโs a cognitive bias where we value rewards disproportionately based on time. Instead of a rational, linear approach, our decision-making follows a hyperbolic curveโwe strongly prefer instant benefits over delayed ones.
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Ashish gamer world
@ba1
3/ Example of Hyperbolic Discounting Imagine two choices: โก๏ธ $50 today OR $100 in a year โก๏ธ $50 in 10 years OR $100 in 11 years In the first case, most choose $50, but in the second, they wait for $100! Why?
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Ashish gamer world
@ba1
4/ Why Does This Happen? ๐น Our brains are wired for instant gratification (dopamine rush!) ๐น The "present" feels more real than the future ๐น Uncertaintyโwaiting feels risky, even when the reward is guaranteed
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Ashish gamer world
@ba1
5/ Real-World Examples of Hyperbolic Discounting ๐ Shopping: Flash sales & discounts manipulate this bias! ๐ Health: Choosing junk food now over long-term fitness ๐ธ Investments: Spending now vs. saving for retirement
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Ashish gamer world
@ba1
6/ Hyperbolic Discounting in Finance ๐ฐ Ever wondered why people struggle to save money? Because spending now feels better than saving for the future. This is why:
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