“Not surprisingly, the father if market efficiency, Gene Farma, has a very clever way to avoid the pitfalls of hyperbolic discounting. When he's invited to talk or engage in sone business activity, he has a . simple rule for deciding… — Andrew W. Lo Copy Share Image
“When combined, the challenge to gain future perspective and the desire for immediate rewards sets us up for a range of problems. Economists call this tendency hyperbolic discounting.” — David DiSalvo Copy Share Image
