Grooving: The Impact of Temporal Discounting (opens in new tab)

In this grooving episode, Kurt and Tim discuss Temporal Discounting and it’s closely related cousins. Temporal discounting is where we tend to value events in the near term more than similar events that are off in the distance. Another way to say it is that we discount – or reduce – our perceived value of events scheduled far off in the future. (The “timing” element is what gives it the name “temporal.”) This is a very common bias and is closely related to Hyperbolic Discounting, which is the...