Hyperbolic discounting appears to be what people natively use
As I understand it, hyperbolic discounting appears to be what WEIRDs use. Are there replicated studies on other groups?
It’s very well established in pigeons and rats. eg http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2648524/
Aha, thank you!
I have not investigated that. I would expect that hyperbolic discounting is common, since it looks way easier to calculate.
As I understand it, hyperbolic discounting appears to be what WEIRDs use. Are there replicated studies on other groups?
It’s very well established in pigeons and rats. eg http://www.ncbi.nlm.nih.gov/pmc/articles/PMC2648524/
Aha, thank you!
I have not investigated that. I would expect that hyperbolic discounting is common, since it looks way easier to calculate.