Podcasts about Hyperbolic discounting

Addressing hyperbolic discounting is crucial for enhancing productivity in remote teams. By implementing strategies such as setting clear short-term goals, using time-blocking techniques, providing immediate feedback, incentivizing long-term goals, promoting accountability, and utilizing task management tools, teams can effectively counteract the tendency to favor immediate rewards over long-term benefits. These approaches help team members stay focused on their overarching objectives, improve their time management, and ultimately boost overall productivity. Embracing these methods creates a more structured and motivated remote work environment, leading to greater success and achievement of long-term goals.   Behavioral Economics in Marketing Podcast | Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision-making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix. Sandra Thomas-Comenole | Host | Marketing professional with over 15 years of experience leading marketing and sales teams and a rigorously quantitative Master's degree in economics from Rensselaer Polytechnic Institute. Check out her Linkedin profile here: Sandra Thomas-Comenole, Head of Marketing, Travel & Tourism

Hyperbolic Discounting is a time-inconsistent model of delay discounting; or the tendency for people to have a stronger preference from immediate rewards over rewards that come later in the future, even when these immediate rewards are smaller. 

In this episode we continue the mini-series "Backlog psychology."Would you rather have $5 now or $50 next week? The answer to this question, though it seems logically obvious which is better, does not always produce the same response. The required incentive to convince someone to wait tends to follow an exponential curve upward.This is not just true with money, but for any benefit and incentive: monetary, social, emotional, physical, etc.What does this mean for our backlogs? What about our daily habits?

The Hardest Thing I've Had To Watch Hello beautiful humans, thank you for listening and supporting the Thrive Forever Fit Show. It truly means the world to me that you take time out of your precious day to listen to me ramble and rant about things I found entertaining, engaging, and meaningful.  Show Sponsor: SpaStar www.spastar.net The Get Ready Wrap™ is spa-inspired and made for virtually every body. Designed with comfort and eco-elegance in mind - no velcro, snaps, or bulky material that take up too much room in your closet, laundry, or suitcase. This luxury spa wrap is perfect for spa treatments, beauty rituals, special occasions, getting ready, makeup tutorials, travel, by the pool, and the gym bag.Discount Code to Save 15% Off Your Get Ready Wrap: THRIVE15 Welcome to a deeply reflective episode where we confront a challenging reality that many of us encounter on our journeys - the act of watching people give up on themselves, their goals, and their potential. In this episode, we address the heart-wrenching moments when individuals quit on their dreams and aspirations, delving into the psychology behind quitting, and exploring the profound impact it has on various aspects of life. Join us as we discuss how we often use excuses, fear, and a lack of self-value to justify quitting, and how recognizing the value of life and one's inherent purpose can ignite the spark to persevere. Episode Highlights: #1 The Quiet Desperation: *Unveiling the concept of "quiet desperation" that many people experience in their lives. *Examining why people settle for less than their potential. #2 Hyperbolic Discounting and Quitting: *Understanding how our tendency to prioritize short-term gratification influences quitting. *Recognizing the illusion of immediate relief versus long-term fulfillment. #3 Using Others as an Excuse: *Exploring the common tendency to blame external factors for quitting. *How we sometimes use the opinions and actions of others as a shield for our own choices. #4 The Ripple Effect of Quitting: *Discussing how giving up on one aspect of life can lead to quitting in other areas. *Connecting the dots between health, relationships, finances, and spirituality. #5 The Preciousness of Life: *Reflecting on the value of life and the importance of making the most of it. *Embracing a mindset that honors the unique opportunities life presents. #6 The Belief in Purpose: *Affirming the inherent purpose that every individual is born with. *Encouraging listeners to tap into their potential and discover their unique contribution. #7 The Power of Self-Belief: *Discussing the importance of self-value and belief in one's abilities. *How cultivating self-belief can counteract the urge to quit. #8 A Message of Encouragement: *A heartfelt message for listeners to believe in themselves and their potential. *Affirming the host's unwavering belief in the audience's capabilities. As we conclude this poignant episode, we urge you to reflect on moments when you've considered quitting and how that decision may have affected your life's trajectory. Remember that your life holds immense value, and you were born with a unique purpose. Embrace challenges as opportunities for growth, and cultivate a resilient mindset that refuses to settle for less. The journey might be tough, but the rewards of perseverance are immeasurable. Believe in yourself, believe in your potential, and never forget that you're capable of achieving greatness. If you love the show, it would mean the world to me if you'd like it, share it, and review it. That's the only way I can help more people and continue to fulfill my mission of helping others overcome pain and start living a life of peaceful passion.  Links: Thrive Forever Fit Supplements Thrive Forever Fit Coaching Program Thrive Fitness Studio FREE Facebook Group: Wellness Lab Best Selling Books: The Overweight Mind The Purpose of Pain 

Lakshmi Mani with Nir Eyal talks about why you make terrible life choices Episode 2765: Hyperbolic Discounting: Why You Make Terrible Life Choices by Lakshmi Mani Nir Eyal writes, consults, and teaches about the intersection of psychology, technology, and business. The M.I.T. Technology Review dubbed Nir, “The Prophet of Habit-Forming Technology.” Nir founded two tech companies since 2003 and has taught at the Stanford Graduate School of Business and the Hasso Plattner Institute of Design at Stanford. He is the author of the bestselling book, Hooked: How to Build Habit-Forming Products. In addition to blogging at NirAndFar.com, Nir's writing has been featured in The Harvard Business Review, TechCrunch, and Psychology Today. Nir is also an active investor in habit-forming technologies. Some of his past investments include: Eventbrite, Product Hunt, Pantry, Marco Polo, Presence Learning, 7 Cups, Pana, Symphony Commerce, Worklife (acquired by Cisco) and Refresh.io (acquired by LinkedIn). Nir attended The Stanford Graduate School of Business and Emory University. The original post is located here: https://www.nirandfar.com/hyperbolic-discounting-why-you-make-terrible-life-choices/ Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalLivingDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Lakshmi Mani with Nir Eyal talks about why you make terrible life choices Episode 2765: Hyperbolic Discounting: Why You Make Terrible Life Choices by Lakshmi Mani Nir Eyal writes, consults, and teaches about the intersection of psychology, technology, and business. The M.I.T. Technology Review dubbed Nir, “The Prophet of Habit-Forming Technology.” Nir founded two tech companies since 2003 and has taught at the Stanford Graduate School of Business and the Hasso Plattner Institute of Design at Stanford. He is the author of the bestselling book, Hooked: How to Build Habit-Forming Products. In addition to blogging at NirAndFar.com, Nir's writing has been featured in The Harvard Business Review, TechCrunch, and Psychology Today. Nir is also an active investor in habit-forming technologies. Some of his past investments include: Eventbrite, Product Hunt, Pantry, Marco Polo, Presence Learning, 7 Cups, Pana, Symphony Commerce, Worklife (acquired by Cisco) and Refresh.io (acquired by LinkedIn). Nir attended The Stanford Graduate School of Business and Emory University. The original post is located here: https://www.nirandfar.com/hyperbolic-discounting-why-you-make-terrible-life-choices/ Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalLivingDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Lakshmi Mani with Nir Eyal talks about why you make terrible life choices Episode 2765: Hyperbolic Discounting: Why You Make Terrible Life Choices by Lakshmi Mani Nir Eyal writes, consults, and teaches about the intersection of psychology, technology, and business. The M.I.T. Technology Review dubbed Nir, “The Prophet of Habit-Forming Technology.” Nir founded two tech companies since 2003 and has taught at the Stanford Graduate School of Business and the Hasso Plattner Institute of Design at Stanford. He is the author of the bestselling book, Hooked: How to Build Habit-Forming Products. In addition to blogging at NirAndFar.com, Nir's writing has been featured in The Harvard Business Review, TechCrunch, and Psychology Today. Nir is also an active investor in habit-forming technologies. Some of his past investments include: Eventbrite, Product Hunt, Pantry, Marco Polo, Presence Learning, 7 Cups, Pana, Symphony Commerce, Worklife (acquired by Cisco) and Refresh.io (acquired by LinkedIn). Nir attended The Stanford Graduate School of Business and Emory University. The original post is located here: https://www.nirandfar.com/hyperbolic-discounting-why-you-make-terrible-life-choices/ Visit Me Online at OLDPodcast.com  Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalLivingDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Hyperbolic Discounting: Don't Discount Your Future!-Building Your Ideal Future One Piece At a Time

Ons brein is slecht in het omgaan met dingen die pas op langere termijn nadeel brengen. Vergrijzing zat er al lang aan te komen, maar pas nu proberen we maatregelen te bedenken. Het klimaat gaat ons straks veel problemen bezorgen, maar de stappen die we kunnen zetten om die problemen te verkleinen vinden we nu lastig. De 'presence bias' (het hier en nu heeft altijd voorrang) en 'hyperbolic discounting' (hoe verder in de toekomst een nadeel ligt, hoe kleiner we het ervaren) regeren ons brein en maken het lastig problemen van later te voorkomen. Maar daar is iets aan te doen! Tom, Bas en Klaas gaan er dieper op in. Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

Matt Finch discusses the concept of hyperbolic discounting, the act of discounting future delayed gratifications in favor of short-term gratification. We all have the tendency to default to this train of thinking. Because of this, Matt provides tips and strategies to delay gratification in order to have a healthier recovery and lifestyle in the long run. 

Would you rather receive 100 USD today or 110 USD next year? Most of us will choose a smaller, immediate payout over a larger reward that we need to wait for. This tendency contributes to procrastination, and makes it more difficult for us to achieve our long-term goals. In this podcast, we discuss strategies for tackling the hyperbolic discounting bias to achieve our New Year's Resolutions and long-term aspirations.

Hyperbolic Discounting is a time-inconsistent model of delay discounting; or the tendency for people to have a stronger preference from immediate rewards over rewards that come later in the future, even when these immediate rewards are smaller. 

Prospect theory causes you to get into bad trades, while hyperbolic discounting causes you to get out of good trades too early.  The post How Prospect Theory and Hyperbolic Discounting Lead to Trading Losses // Ep. 92 appeared first on Think Profit Podcast.

Thank you so much for listening to the Choice Hacking podcast. Today's episode was brought to you by Audible. Click here to get your free 30 day trial of Audible Plus or visit ChoiceHacking.com/Audible✅Buy my book, "Choice Hacking"✅Learn more about my NEW course: "Behavioral Science and Psychology 101 [for Marketers]"✅Get a free eBook "5 Psychology Principles to Perfect Your Experience" + join the newsletter✅Take my course, "How to Create Persuasive Experiences"✅Learn how you can work with Jennifer Clinehens and Choice HackingINSTAGRAM/TWITTER/LINKEDIN: @choicehacking//SOURCES: Choice Hacking, Hyperbolic Discounting: The science behind outsmarting yourselfDisclaimer:  Some resources include affiliate links, which means if you click them and buy something I get a small monetary kickback at no additional cost to you. :)

In this episode, I share how we can get caught in Hyperbolic Discounting, and how it prevents us from reaching our long-term goals.   The I Love Mortgage Brokering Network is now brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   If you have any questions you want me to answer, send me an email at scott@ilovemortgagebrokering.com   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the 10 Loans A Month Academy: www.10loansamonth.com   Find out more about ILMB Mortgage Pros: www.get10funded.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com

In this episode, I share how we can get caught in Hyperbolic Discounting, and how it prevents us from reaching our long-term goals.   If you're looking exclusively for "10 Loans a Month" episodes, subscribe to the "10 Loans a Month" podcast, available wherever you get your podcasts.   The I Love Mortgage Brokering Network is now brought to you by Finmo. To learn more, visit: www.finmo.ca/ilmb   If you have any questions you want me to answer, send me an email at scott@ilovemortgagebrokering.com   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the 10 Loans A Month Academy: www.10loansamonth.com   Find out more about ILMB Mortgage Pros: www.get10funded.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com

“Are ordinary people really populations of interests rather than something more solid? It's disturbing to think of yourself as so fluid, so potentially unstable, held together only by the shifting influence of available rewards. It's like being told that atoms are mostly empty and wondering how they can bear weight. Yet the bargaining of interests in a society can produce highly stable institutions; perhaps that's also true of the internal interests created by a person's rewards.” Thank you so much for listening this episode of THE ADITYA TALKS AND SHOW. Please do a review for this episode, so I can improve my content. Do follow me here on this audio platform so you never gonna miss any episode of my podcast. You can listen to this podcast on almost every audio platform, ( https://tatspodcast.podlink.to/AdityaMulukuri) TATS PODCAST was internationally well ranking podcast hosting by Aditya Mulukuri, a 16 year old conceptualist and a startup guy. (You can visit my social media here : https://beacons.page/adityamulukuri)

John Vervaeke joins me for a deep conversation exploring his work as a cognitive scientist and his YouTube lecture series "Awakening from the Meaning Crisis."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTJohn's twitter: https://twitter.com/vervaeke_johnJohn's Patreon: https://www.patreon.com/johnvervaekeJohn's Lecture Series “Awakening from the Meaning Crisis”: https://www.youtube.com/watch?v=54l8_ewcOlY PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:23 The Mind as a Map of the Universe00:05:29 The Recurrent Patterns in Nature00:06:58 “Agency All The Way Down”00:11:28 Serving What's True, Good, and Beautiful00:12:19 Synchronicity: The Acausal Principle00:16:44 The Flow State: An Optimization of Adaptivity00:17:52 Circumambulation00:23:18 A Causes B; B Values Precondition A00:24:45 Emergence and Emanation: Matter and Principles00:27:31 Possibility and Actuality are Co-Determining00:29:46 Homemaking vs. House-Building00:33:37 Material Engagement Theory00:34:54 Software and Hardware: Multiple Realizability00:37:05 Human and Tool Reciprocity; The Stroop Effect00:41:17 Mimesis, Self-Reflection, and Mindfulness00:42:57 Distributed Cognition and Captaining the Ship00:43:33 Social Institutions: Psychotechnologies Externalized?00:46:06 Price Signals and Mead's “Generalized Other”00:50:45 The Generalizability and Discrimination Tradeoff00:53:02 Does the Corruption of Money Corrupt Humanity?00:59:22 The Social Utility of Religion and Institutions01:03:10 Money as the Base Layer Protocol for Human Action01:05:47 Central Banking Twists Distributed Cognition01:07:25 Hyperbolic Discounting, Time Preference, and Consumerism01:09:36 Central Banking Causes Capital Destruction and Politicization01:13:22 Psychotechnological Disruption of Social Institutions01:15:16 Politics as the Ethics of Distributed Cognition01:18:04 Politics as Imposable Opinion01:21:37 Bitcoin Moves Markets Away from the Threat of Force01:27:41 Bitcoin: The Incorruptible Game of Money01:29:59 “Parable of the Winemaker”: A Corruption of Money and Morality01:36:04 Exploring the Languages of Value and Cognition01:38:13 “Words are the Coinage of Thought”01:41:12 Industrial Revolution and the Abolition of Slavery01:45:55 Corruption of Money and the Meaning Crisis01:55:39 Humans are “Natural-Born Cyborgs”SOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Put your Bitcoin to work. Earn up to 12% interest back on Bitcoin with Tantra: https://bit.ly/3CFcOmgIBAC assists central banks and sovereign wealth funds succeed in their digital asset investments: https://www.ibac.io/Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/

Hyperbolic discounting may sound like a super-charged holiday sales technique, but in reality, it's a phenomenon that leaves us vulnerable to making poor impulse choices and sabotaging our goals.  Here's what it is, and seven ways to turn this dangerous penchant into a tool to help us make smart decisions. Notes and Resources:Prefer to read?  Here's the full post:  Hyperbolic Discounting and 7 Ways to Prevent Self-SabotageFor more of the fascinating research behind this concept see The Economics of Immediate Gratification by Ted O'Donoghue and Matthew RabinHere's reference to the 2016 study that demonstrated the “Priming” was an effective way to reduce cognitive bias.Here's the link to my Goal-Setting Mastery Course that will help you not only set good goals, but stay on track long enough to attain them.  The first several videos are free. Quotable: “Naughty goods are sold in small packages.”  - Marketing dictum“We are tempted to over-value options that that put things in our hands in the near-term, even though we know we'll end up paying a greater cost down the road.”  - Ken Downer“Since we know that our future selves are smarter about these kinds of things, we can imagine the person we want to be five years from now, and get their thoughts on what choice to make today.”  - Ken DownerRelated posts: Type 2 Fun: The Secret to Achieving Your GoalsBridging the Gap to Your Goals: Building a Span That LastsMaster the Habit Cycle and Achieve Your Goals– features a short video on how to make smart choices happen automatically.

Financial freedom is the goal for many investors, but happiness is what most are really pursuing. Ketan Patel realized that there was more to life than financial freedom. He had studied to become a pharmacist and bought a senior care business that allowed him to only work one day a week. He had 40 employees but it wasn’t until he understood the emotion that drove his desire for financial freedom that he was able to unlock his true potential and find his purpose.    Ketan Patel is a transformation coach that helps motivated real estate entrepreneurs create more income and impact by shifting their mindset. He has mastered the art transformation by combining techniques from Tony Robbins, Wim Hof, and Dr. Joe Dispenza.  He earned an accelerated Doctor of Pharmacy degree (while learning English), built a multi-million dollar rental portfolio starting from $8,000, raised over $10 million for his multifamily syndication business, and grew a senior care business by 3x in just a few years.    In our discussion, Ketan talks about the importance of aligning your thoughts, emotions, and actions. While most focus on thoughts and actions, it’s the emotion that can have a major impact on whether or not you are successful.   Partner: 1 Question Marketing Survey for New Event   Key Takeaways   Going from non-English speaking immigrant to multifamily syndicator and coach   Once our thoughts, emotions, and actions are aligned, we are unstoppable.   Making your journey to financial freedom faster and more pleasant An example of how to align your thoughts, emotions, and actions for positive results How to find clarity on what your key challenges are   The transformation of challenges takes two steps: Step one is awareness, and step two is fixing it.   Hyperbolic Discounting: $100 today vs. $150 in a week; most take the $100  There’s always more time, it’s just a matter of how you use it.    If you put the Focus app on your phone to monitor your habits, you will be surprised at how you are truly using your time.   How Ketan worked with other investors and raised $10MM The Improvement Triangle: Taking action, getting and digesting feedback, and implementing improvements based on feedback How to find clarity in what role would be best for you as an investor The importance of trying new things and not being fixated on results   You’re either going to be comfortable in your limitations or excited at the possibilities.    Ketan’s big ‘aha’ moment: He realized he was getting in his own way Other ways to gain clarity and stop the self-sabotage  How do you manage your emotions and use them to your advantage?    Thoughts are for the brain, emotions are for the body.   Partner: Download our Sample Deal Package   Bullseye Round   Apparent Failure: In my first business, I lost time, money, and energy but it gave me the tools and insights to improve my next business.   Digital Resource: Trello (Project Management)   Most Recommended Book: Becoming Supernatural: How Common People Are Doing the Uncommon (Dr. Joe Dispenza)   Daily Habit: Meditation    Wish I Knew When I Was Starting Out: I wish I knew the power of emotions.   Curious About Right Now: Getting more conscious of my thoughts and actions.   Best Place to Grab a Bite in Boston, MA GreCo   Contact Ketan: Ketan Patel ketan@ketanpatel.com 

It’s widely known that humans tend to sacrifice long term rewards for smaller, more immediate gains. We tackle a less widely disseminated model of behavior called hyperbolic discounting that implies our impulsive decisions have some very surprising characteristics.

Hyperbolic Discounting is another word for Time Inconsistency. Time Inconsistency is the way your brain evaluates rewards is inconsistent across time. Why this is important? Find out why in my new podcast episode. Work with me: INSTAGRAM @graffitithemindson WEBSITE: www.dabtroll.com EMAIL: goldendabtroll@gmail.com Tarot/Guidance readings CBD Products (Venus Retrograde Prerolls, Smokable Tea Blend, and more!), My Book, and services! dabtroll.com/shop My New Album Quantum Containers Vol.1 Listen/Stream https://mrcomposition.bandcamp.com/album/quantum-containers-vol-1 T-Shirts Now Available! https://teespring.com/stores/dtc-time-machine donations (very much appreciated) cashapp $dabtrollcreations or paypal mr_composition@yahoo.com My First Book Ideas of Illusion Available: Paperback: http://dabtroll.com/shop/ideasofillusionpb/ Ebook: http://dabtroll.com/shop/ideasofillusioneb/ --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/the-composition/support

Hyperbolic Discounting is all about immediate gratification. In order to leverage Hyperbolic Discounting, marketing professionals will need to create a sense of urgency by speaking to the customers' pain points, increasing or restricting immediate access, establishing scarcity or throwing in added bonuses such as free gifts or exclusive offers. Behavioral Economics in Marketing Podcast | Understanding how we as humans make decisions is an important part of marketing. Behavioral economics is the study of decision-making and can give keen insight into buyer behavior and help to shape your marketing mix. Marketers can tap into Behavioral Economics to create environments that nudge people towards their products and services, to conduct better market research and analyze their marketing mix. Sandra Thomas-Comenole | Host | Marketing professional with over 10 years of experience leading marketing and sales teams and a rigorously quantitative Master's degree in economics from Rensselaer Polytechnic Institute. Check out her Linkedin profile here: Sandra Thomas-Comenole, Head of Marketing, Travel & Tourism

In this special Bonus Episode of the Remarkable People Podcast (BE Remarkable), Dr. Gleb Tsipurski shares with us some insights about the Coronavirus (COVID-19), how it has changed the world, and how it will continue to do so; within our homes, and industries. Dr. Gleb not only walks us through his perspective of where we are at as a world, but how You and Your business can not only survive, but thrive in the new world COVID-19 has created.This episode covers the importance of never going with your gut (aka tribal instincts), real world opportunities the Coronavirus created in the workplace, steps to rewiring our brains, why it is so important to change our current business models, the real difference between introverts and extroverts, building a balanced team, and how to overcome cognitive biases.SPECIAL NOTE: This episode starts with the basics and then builds, and builds, and builds regarding the Coronavirus (COVID-19) and how You and Your Business can survive the new world COVID-19 has created. So keep listening to the entire episode and send us any questions that you may have to help you during this unprecedented transformation into a new world.GUEST BIO:Known as the Disaster Avoidance Expert, Dr. Gleb Tsipursky is a consultant, coach, trainer, speaker, cognitive neuroscientist, and the best-selling author of Never Go With Your Gut: How Pioneering Leaders Make the Best Decisions and Avoid Business Disasters.LINKS, BOOKS & RESOURCES MENTIONED:Mix https://mix.com/gleb_tsipurskyYoutube (speaker videos) https://www.youtube.com/user/gleb1111Youtube (videocast) https://www.youtube.com/channel/UClfR0oE9ZbMtvxkDOCR89nAWebsite https://disasteravoidanceexperts.comBook page https://disasteravoidanceexperts.com/nevergutSPECIAL OFFER FOR OUR REMARKABLE PEOPLE PODCAST COMMUNITYFree 8-module online video class, “Wise Decision Maker Course” EPISODE PROUDLY SPONSORED BY:Pam Heinold, Better Homes and Gardens Real Estate – Pensacola, FLCONNECT WITH GLEB:LinkedIn: https://www.linkedin.com/in/dr-gleb-tsipursky/Twitter: @gleb_tsipursky https://twitter.com/Gleb_TsipurskyInstagram: @dr_gleb_tsipursky https://www.instagram.com/dr_gleb_tsipursky/Facebook: https://www.facebook.com/DrGlebTsipursky/ENJOYING THE PODCAST?Please Subscribe, Rate, and Review us on Apple, Google, or your favorite podcast directory. It only takes seconds and really makes a powerful difference in us booking remarkable guests and sponsors for you to enjoy and benefit from.INTERESTED IN SPONSORING THE PODCAST?Please check out DavidPasqualone.com/SponsorInfoTHE NOT-SO-FINE-PRINT DISCLAIMER:While we are very appreciative of our guests, please understand that we do not agree with all of their views and positions. Thankfully we live in a country that protects our freedoms and allows us to practice the constitutional right of free speech, and the universal gift of God's free will. That's it, the whole disclaimer. Now Go and Enjoy another episode!

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 tendency for people to have a stronger preference for more immediate payoffs relative to later payoffs. (Think of Seinfeld’s Nighttime Guy vs. Morning Guy.) And Temporal Construal, where near-term events are valued in very concrete ways, but distant-term events seem very vague. And, a slightly more distant relative in this family of biases is Preference Reversal. With Preference Reversal, we see how the relative preference for one option over another changes with order or framing, such as when we see it. All of these biases evolved for good reasons over thousands of years of human development and in much simpler times. But today, our world is very complex. And these biases can get in the way of our best decision making.   NOTE TO LISTENERS: This episode was recorded on March 11, 2020, just two days after the World Health Organization declared coronavirus a pandemic and Kurt and Tim were in the studio together. But it was still days before any cities declared shelter in place and a full two weeks before Minnesota, where Kurt and Tim live, made the declaration. Since then, we’ve been recording remotely.    Links Kurt Nelson, PhD: @WhatMotivates Tim Houlihan: @THoulihan Common Biases and Heuristics: https://docs.google.com/document/d/1XHpBr0VFcaT8wIUpr-9zMIb79dFMgOVFRxIZRybiftI/edit# Gretchen Chapman, PhD: https://journals.sagepub.com/doi/abs/10.1177/0272989X9501500408 Seinfeld Night Guy vs. Morning Guy: https://www.youtube.com/watch?v=W-Cz-LK16g4 Tim Urban, “Wait, but Why?”: https://waitbutwhy.com/2016/03/doing-a-ted-talk-the-full-story.html Veruca Salt in Willy Wonka “I Want It Now”: https://www.youtube.com/watch?v=Pqsy7V0wphI Christopher Hsee on General Evaluability Theory: https://journals.sagepub.com/doi/10.1177/1745691610374586 Bazerman, Max, The Power of Noticing: https://www.amazon.com/Power-Noticing-What-Best-Leaders/dp/1476700303 Harris CJ, Laibson D., “Hyperbolic Discounting and Consumption.” Advances in Economics and Econometrics: Theory and Applications, Volume 1. Eighth World Congress; 2002 p. 258-298: https://scholar.harvard.edu/laibson/publications/hyperbolic-discounting-and-consumption

The Secret of Pricing Academia has a problem with names. They are not always, well, intuitive. Hyperbolic Discounting is an excellent example of a pertinent business area disguised in a difficult-to-interpret label.   Hyperbolic Discounting does not mean what you might think. If you take a look at the words in the name, you probably imagine it means embellished markdowns. However, Hyperbolic Discounting is a vital psychological concept that influences your customer's behavior and could be getting in the way of your customer-driven growth.   Hyperbolic discounting describes how we undervalue the benefit of something that happens in the future. Also, the concept covers how we overvalue the cost to us for waiting for something. In other words, we want what we want right now, and if we have to wait, then you better offer us something good for our trouble.   Unlike many psychological concepts, Hyperbolic Discounting is easy to predict. Why? It is easy to anticipate because all of us have this bias for immediacy. When faced with a situation where we choose between gratification in the short term vs. more significant rewards in the long run, we feel tempted to choose the former over the latter. It is one more way that we, as a human race, are irrational.   Now, we can overcome our bias and make decisions that have long-term benefits, especially when it is something essential, like retirement savings or investing in life insurance to protect our family if something happens to us. However, with less critical choices in life, options with long-term benefits often get passed over for opportunities with immediate gratification.   One example from life is my diet. I know that if I eat less and exercise more, I will lose weight and feel healthier than I do now. However, the cookie I have in my hand will taste good now.   This episode of The Intuitive Customer explores the critical (and poorly named) concept of Hyperbolic Discounting. We explain in more detail what it means and how Academia came up with the name, as well as how you can recognize it in your customer's behavior. Perhaps most importantly, we discuss how you can use it to promote customer-driven growth in your organization.     The Intuitive Customer podcasts help you take your Customer Experience to the next level by unlocking the “hidden” aspects of your experience and determining what really drives value for your customers. To find out more about how your organization's marketing can improve customer loyalty and retention, contact us at www.beyondphilosophy.com. To subscribe to The Intuitive Customer and never miss a podcast, please click here. This podcast is produced by Resonate Recordings. Click here to see how they can help you.

The Secret of Pricing Academia has a problem with names. They are not always, well, intuitive. Hyperbolic Discounting is an excellent example of a pertinent business area disguised in a difficult-to-interpret label.   Hyperbolic Discounting does not mean what you might think. If you take a look at the words in the name, you probably imagine it means embellished markdowns. However, Hyperbolic Discounting is a vital psychological concept that influences your customer's behavior and could be getting in the way of your customer-driven growth.   Hyperbolic discounting describes how we undervalue the benefit of something that happens in the future. Also, the concept covers how we overvalue the cost to us for waiting for something. In other words, we want what we want right now, and if we have to wait, then you better offer us something good for our trouble.   Unlike many psychological concepts, Hyperbolic Discounting is easy to predict. Why? It is easy to anticipate because all of us have this bias for immediacy. When faced with a situation where we choose between gratification in the short term vs. more significant rewards in the long run, we feel tempted to choose the former over the latter. It is one more way that we, as a human race, are irrational.   Now, we can overcome our bias and make decisions that have long-term benefits, especially when it is something essential, like retirement savings or investing in life insurance to protect our family if something happens to us. However, with less critical choices in life, options with long-term benefits often get passed over for opportunities with immediate gratification.   One example from life is my diet. I know that if I eat less and exercise more, I will lose weight and feel healthier than I do now. However, the cookie I have in my hand will taste good now.   This episode of The Intuitive Customer explores the critical (and poorly named) concept of Hyperbolic Discounting. We explain in more detail what it means and how Academia came up with the name, as well as how you can recognize it in your customer's behavior. Perhaps most importantly, we discuss how you can use it to promote customer-driven growth in your organization.     The Intuitive Customer podcasts help you take your Customer Experience to the next level by unlocking the “hidden” aspects of your experience and determining what really drives value for your customers. To find out more about how your organization's marketing can improve customer loyalty and retention, contact us at www.beyondphilosophy.com. To subscribe to The Intuitive Customer and never miss a podcast, please click here. This podcast is produced by Resonate Recordings. Click here to see how they can help you.

Season 3! In this first episode of season 3, we discuss home cubicles (WHY!??JUST WHY!?!?). Megan shares an academic article from way back that helps clarify why we can't narrow leadership into individual characteristics. Leadership is a social exchange-it is given by the relationships with others. Josh talks about hyperbolic discounting, the cognitive bias that leads people to choose smaller immediate gain. He argues that attention is more valuable, and that's why we decide quickly. Links to the articles: Cubicles in our homeshttps://www.fastcompany.com/90354514/working-from-home-is-now-more-prison-like-than-ever Merton-Leadership is a social exchangehttps://www-jstor-org.unco.idm.oclc.org/stable/pdf/3421106.pdf?refreqid=excelsior%3Abb6cf152645b61cecb2d2cc9a546ee38Hyperbolic discountinghttps://www.nirandfar.com/hyperbolic-discounting-why-you-make-terrible-life-choices/

We start on Ainslie -- hyperbolic vs. exponential discounting and we broach the question of what Ainslie calls "the management of longing."

Money burning a hole in your pocket. Strategies of Commitment Lotteries as savings devices.  Hyperbolic discounting.

Learn about why the US once launched millions of copper needles into space; why bikes don’t fall down when you ride them; and 3 ways big data can predict what you really like to watch or listen to. In this podcast, Cody Gough and Ashley Hamer discuss the following stories from Curiosity.com to help you get smarter and learn something new in just a few minutes: The US Once Launched Millions of Copper Needles Into Space — https://curiosity.im/2tIFdWW 3 Ways Big Data Predicts What You Really Like to Watch and Listen To — https://curiosity.im/2tF1dBZ Additional resources discussed: How do bikes balance when we ride them? — https://scienceline.org/2007/11/ask-ashford-balancingbikes/ How does a bike stay upright? Surprisingly, it’s all in the mind | The Conversation — https://theconversation.com/how-does-a-bike-stay-upright-surprisingly-its-all-in-the-mind-59829 If you love our show and you're interested in hearing full-length interviews, then please consider supporting us on Patreon. You'll get exclusive episodes and access to our archives as soon as you become a Patron! https://www.patreon.com/curiositydotcom Download the FREE 5-star Curiosity app for Android and iOS at https://curiosity.im/podcast-app. And Amazon smart speaker users: you can listen to our podcast as part of your Amazon Alexa Flash Briefing — just click “enable” here: https://curiosity.im/podcast-flash-briefing.

In order to defeat procrastination, you have to understand why your procrastinate. One of the biggest reasons why people procrastinate is because of "Hyperbolic Discounting" ... let's explore that further. To overcome procrastination, follow my 5 Steps to Kill procrastination at: https://www.2000books.com/never

Most of us would like to think we make decisions for our own good. Presented with the imaginary choice between a bag of salty, greasy potato chips and a healthy salad, you might opt, in principle, for the salad. But what happens when that bag of chips is freshly opened, sitting there right in front of you? Do you change your mind? In this episode of Choiceology with Katy Milkman, we look at a bias that has an outsized influence on decisions you make in the here and now. The show begins with an experiment that reveals how difficult it is to avoid the temptation of junk food—and how the power of that temptation is affected by time. Then, you’ll hear the story of a man who spent his childhood in relative poverty but found himself wealthy beyond his dreams by the time he was a teenager. This unexpected windfall changed his life in an instant. But it ultimately became a painful lesson on the dangers of living only for the present. You’ll hear from two heavyweights in the world of psychology and economics. Richard Thaler is a Nobel Prize–winning economist and co-author of Nudge: Improving Decisions About Health, Wealth, and Happiness. Thaler tells the story of how he came to discover and research this bias. Renowned psychologist Angela Duckworth explores some of the ways you can combat temptation and make better decisions for your future. She’s the author of the bestseller Grit: The Power of Passion and Perseverance. Finally, Katy Milkman offers additional tips to help you avoid the pitfalls of this bias: with behavioral tools such as temptation bundling and commitment devices. Choiceology is an original podcast from Charles Schwab. For more on the series, visit schwab.com/podcast If you enjoy the show, please leave a ⭐⭐⭐⭐⭐ rating or review on Apple Podcasts. Important Disclosures: All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed. (0000-0000)

We discuss hyperbolic discounting and how to overcome and utilize it.

Nir’s Note: This guest post is written and illustrated by Lakshmi Mani, a product designer working in San Francisco. Have you ever had a mounting pile of work you know you need to do but for some reason didn’t? There’s an important deadline looming, your boss is breathing down your neck, the pressure is on — all signs are pointing to you getting it done. Yet you put it off, turn on Netflix, and fantasize about how you’re going to crush it tomorrow. You can read the Nir and Far blog post on: Hyberbolic Discounting: Why You Make Terrible Life Choices https://www.nirandfar.com/2017/08/hyperbolic-discounting-why-you-make-terrible-life-choices.html

I was the kid with the perpetually messy desk in school, it seemed to get messy within moment minutes of cleaning it. As an adult closets, car trunks, garages, silverware drawers. Organizing time feels the same… I suck at organizing time.   “If you love life, don’t waste time, for time is what life is made up of.” Bruce Lee I feel like I waste so much time and I get distracted so much! I can’t my life on track! Only if? I can “Only if’ myself to death!” I had that perfect pair of shoes. Only if I took that other job! Only if I had… blah! Only if I looked like Angelina Jolie! Life is now! And if I walk to the kitchen and forget why I am in the kitchen. I need to enjoy I am in the kitchen. I need to be kind to myself.  Ellen Goodwin Ellen Goodwin Facebook Ellen Goodwin Twitter   People lose their collective shit during the full moon.   It’s a crazy Monday and then there’s the moon.   I help people get their shit done so they could be the action hero of their own lives.   Ellen helps people be more productive.   It’s about making lists. No list!   Being productive is neuroscience-based.   Your amygdala is all emotion.   The lizard part of us.   Ellen gives us a little exercise to help us deal with the moment of that fried or flight or overwhelming anxiety. And your back and your back .   You can’t breathe slowly when you’re in a fight or flight situation.   I’ve always been very disorganized, my car is a mess my purse is a mess. Right now there’s laundry behind the camera.   There are really great ways to move out of that will overwhelm every day.   Timing things is helpful. A kitchen timer is your friend.   Because the amygdala is like a three-year-old kid.   You play games with your amygdala.   Negotiate with your brain.   I was that little kid always staring out the window.   Focus in on one thing, otherwise, you’re exhausting your brain.   Seconds App   Check out Ellen’s Facebook Group   Ellen almost lost her business from looking out the window Facebook lost focus.   You know what it feels like to be me and that makes me trust you.   Menopause thyroid of things that don’t help with focus.   There’s a funky little thing called, the superior colliculus or as I call it the funky medina cola!   I really dig the Facebook News Feed Killler   The Pomodoro method   When you take a break you should do something mental if you’re doing something physical and vice versa.   A dance party for one.   Here is a link to my favorite hula hoop!   Planner Pad   Accountability Partner   This the shit! Decision Fatigue   Hyperbolic Discounting   Wimpy from Popeye   Habit Stacking   Buddha had a plan the whole freak’n time!?   Here Is the link for your free Audible Trial!!!   And here the link to Patreon page… it’s place to show your support and a place show some love, Lisa’s Patreon Page

This bias explains everything from predatory lending to unhealthy eating. Oh, and binge watching, too.

You may not even know what “hyperbolic discounting” is. But it’s something we all fall prey to numerous times, at least weekly. It’s the temptation to do something now that you know is not the best long-term. On this episode, I tell the story of how I bought a set of noise canceling headphones even though I knew that the money spent on them could have been invested more wisely in other ways. It’s an example of hyperbolic discounting that I use to show you how you and I need to be careful that we’re not making decisions today that will come back to bite us tomorrow. Is your retirement fund really going to be there when you need it? As human beings we have this amazing capacity to convince ourselves that the decisions we’re making are the best decisions we could make, when in fact, they simply aren’t. It’s called self-deception and it’s part of being human. One of the ways we do that is by giving in to the temptation of hyperbolic discounting - justifying a choice that’s a short-term gain at the expense of a bigger long-term payoff. It’s why we eat the cookie now rather than “being good” for the sake of reaching that ideal level of fitness that we really want. On this episode, I’m talking about the role that hyperbolic discounting plays in retirement planning and why it’s important to have the outside perspective and help of a qualified advisor. I hope you’ll take the time to listen - for the sake of your long-term goals. My 3rd annual Retirement Plan LIVE will begin in February. Do you want in? One of the most popular and helpful things that I do on The Retirement Answer Man podcast is the annual Retirement Plan LIVE. It’s where I take a real-life person (maybe you) and work through their financial situation alongside them to devise a plan toward the things they want to have in place when they reach retirement. But I can’t do it alone. I need someone who’s willing to be the subject of the plan. Is that you? You can find out who I’m looking for and whether you’d be a good fit on this episode of The Retirement Answer Man! Anytime an advisor makes recommendations before he understands your situation, you should run! A listener wrote to me to ask what the difference is between annuities and a whole life insurance policy. It turns out her questions stem from a conversation she’s been having with an insurance advisor who’s encouraging her to look into the possibility of whole life insurance instead of annuities. I don’t know enough about her situation to say that he’s giving her bad advice but I do know this: Anytime and advisor begins to point you in a certain direction without having assessed the entire situation, you need to be very, very careful. Find out why I’m so cautious, on this episode. One way you can avoid hyperbolic discounting is by taking a small step of immediate action. Hyperbolic discounting is when you choose a small benefit today at the expense of a larger benefit later. It’s the opposite of practicing delayed gratification. On my smart sprint segment of this podcast episode I give you a simple, easy plan to increase your retirement contributions that you won’t even feel month to month but that will enable you to avoid the temptation of doing nothing at all to increase your retirement. You can find out what it is on this episode. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN [0:27] The struggle with temptation we all face and the cost they can have on life.. HOT TOPIC SEGMENT [3:00] Beginning 2/1/2017 - The 3rd annual Retirement Plan LIVE begins! [5:00] What it takes for YOU to be my RPL subject for this year! WHAT DOES THAT MEAN? SEGMENT [8:30] What is Hyperbolic discounting? PRACTICAL PLANNING SEGMENT [12:37] How should you evaluate your insurance needs in light of current insurance plans? [17:05] Why a second opinion on issues is important. [19:40] QUESTION: How should you evaluate annuities VS insurance solutions? [21:38] QUESTION: What should I do with extra money each month? TODAY’S SMART SPRINT SEGMENT [25:33] Go to your retirement accounts and review your allocations, then increase your contributions by 1%. THE HAPPY LAB SEGMENT [26:21] The importance of having little conversations all through life - and why you need more positive things to keep you on track. RESOURCES MENTIONED IN THIS EPISODE Roger’s email: Roger(at)wwkllc.com - submit yourself for Retirement Plan LIVE Contact Roger: http://www.rogerwhitney.com/retirementanswers/ Roger’s retirement learning center: www.RogerWhitney.com/learn The Retirement Answer Man Facebook page: www.Facebook.com/RetirementAnswerMan TWEETS YOU CAN USE TO SPREAD THE WORD #149 - How The #Temptation of #HyperbolicDiscounting Can Bite You In the End Is your #RetirementFund really going to be there when you need it? My 3rd annual #RetirementPlan LIVE will begin in February. Do you want in? Anytime an #advisor makes recommendations before he understands, you should run! One way you can avoid #HyperbolicDiscounting is by taking a small step of immediate #action

Spätestens seit Aristoteles gehören Fragen des Charakters und der Moral zu den Grundlagen der Ethik. Die Psychologie, und hier vor allem die Entwicklungspsychologie, interessiert sich für die emotionale, moralische und soziale Entwicklung bei Kindern und untersucht die Entstehung von Altruismus, Empathie und prosozialem Verhalten. Und auch in der Volkswirtschaftslehre spielt die Motivation von Entscheidungen traditionell eine große Rolle, deren Durchdringung es erlaubt, das Menschenbild hinter ökonomischen Modellen besser zu verstehen. Für die Rechtswissenschaft sind moralphilosophische Fragen insofern von Bedeutung, als sie die Grundlage für die Bindungs- und Geltungskraft von Gesetzen bilden. In diesem Schwerpunkt adressieren neben der Philosophie Wissenschaftler aus so unterschiedlichen Disziplinen wie der Psychologie, Ökonomie, Politikwissenschaft und der Rechtswissenschaft moralphilosophische Fragen. | David Laibson ist Robert I. Goldman Professor of Economics an der Harvard University.

Spätestens seit Aristoteles gehören Fragen des Charakters und der Moral zu den Grundlagen der Ethik. Die Psychologie, und hier vor allem die Entwicklungspsychologie, interessiert sich für die emotionale, moralische und soziale Entwicklung bei Kindern und untersucht die Entstehung von Altruismus, Empathie und prosozialem Verhalten. Und auch in der Volkswirtschaftslehre spielt die Motivation von Entscheidungen traditionell eine große Rolle, deren Durchdringung es erlaubt, das Menschenbild hinter ökonomischen Modellen besser zu verstehen. Für die Rechtswissenschaft sind moralphilosophische Fragen insofern von Bedeutung, als sie die Grundlage für die Bindungs- und Geltungskraft von Gesetzen bilden. In diesem Schwerpunkt adressieren neben der Philosophie Wissenschaftler aus so unterschiedlichen Disziplinen wie der Psychologie, Ökonomie, Politikwissenschaft und der Rechtswissenschaft moralphilosophische Fragen. | David Laibson ist Robert I. Goldman Professor of Economics an der Harvard University.

Presentations from UX Australia 2015