Overcoming hyperbolic discounting - Deepstash

Overcoming hyperbolic discounting

  • Empathize with your future self: You put things off to future you because it’s easy to assume that future you has boundless energy and motivation. Unfortunately, that perfect vision is not real.
  • Pre-commitment: You increase your chance of success by removing a temptation future you may try and weasel out of.
  • Break down big goals into small manageable chunks: Big goals take a long time to achieve and so are susceptible to the far-off reward curse of hyperbolic discounting.

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The idea is part of this collection:

How To Become a Better Decision-Maker

Learn more about personaldevelopment with this collection

Understanding the importance of decision-making

Identifying biases that affect decision-making

Analyzing the potential outcomes of a decision

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