Learnings Mental Models

Hyperbolic Discounts: Navigating the Bias of Immediate Gratification

Introduction In the complex landscape of decision-making, understanding the mental models that shape our choices is crucial. One such model is Hyperbolic Discounts, which refers to our tendency to prefer immediate rewards over larger but delayed rewards. Anchored in human psychology, this mental model sheds light on our susceptibility to impulsivity and how it impacts […]