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Word to meaning Meaning to word CARD 3 OF 8
hyperbolic discounting noun phrase
Reveal meaning and examples A model of time preference in which the value assigned to a delayed outcome falls sharply at short delays and more gradually at longer delays.
The exercise uses hyperbolic discounting to explore why a preference may change as a reward draws nearer. Dictionary practice example. A separate hyperbolic discounting model showed a sharper fall over short delays and a more gradual fall over longer ones. From What a Later Reward Is Worth . Full dictionary entry How did you do before revealing the answer?
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