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- Mar 9, 2011
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speaking of weird trade offs
reading Dipayan Ghosh's new book rn on silicon valley bad
he explains hyperbolic discounting using a weird example
two options - accept $100 from me right now or $125 at the exact same time tomorrow - he claims most people would take the $100 now
like, i get that valuation of the gift that offers immediate gratification is higher than the present value, but 24 hours, really???
i mean if you can't take 100 dollars and turn it into at least 125 in a day, then how do you even call yourself a businessman