Hyperbolic Discounting Emerges from the Scalar Property of Interval Timing

  title={Hyperbolic Discounting Emerges from the Scalar Property of Interval Timing},
  author={Xu Cui},
  booktitle={Front. Integr. Neurosci.},
Ten dollars today is more attractive than the same amount of money tomorrow and is consistent with the well known proverb, “a bird in the hand is worth two in the bush.” We all know that the value of a reward is discounted over time. How the value discounts over time and what is the rationale for such discounting, however, is less clear. Classical economic theory has assumed an exponential form of discounting which has been repeatedly shown insufficient for explaining the data(Frederick and… CONTINUE READING
Related Discussions
This paper has been referenced on Twitter 3 times. VIEW TWEETS

From This Paper

Topics from this paper.


Publications citing this paper.
Showing 1-10 of 10 extracted citations


Publications referenced by this paper.
Showing 1-10 of 18 references

Interval timing and optimal foraging,” in Functional and Neural Mechanisms of Interval Timing, ed

M. Bateson
W. H. Meck (Boca-Raton, FL: CRC Press), 113–141. • 2003
View 10 Excerpts
Highly Influenced

The precision of temporal judgement: milliseconds, many minutes, and beyond.

Philosophical transactions of the Royal Society of London. Series B, Biological sciences • 2009
View 1 Excerpt

Similar Papers

Loading similar papers…