SYNONYMS AND RELATED EXPRESSIONS
hyperbolic discounting
noun phrase
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.
Local English device voice, when available. This is not a recorded dictionary pronunciation.
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Delay-sensitive discount model
No close substitute is listed for this sense. The expressions below help explain the idea.
Related words and expressions
These extend or explain the idea and may require a different sentence structure.
Usage distinction
Return to topThese related descriptions explain features of the model. Present bias and quasi-hyperbolic discounting are related concepts, not identical terms.
CHECK THE MEANING IN CONTEXT
See hyperbolic discounting in use
The exercise uses hyperbolic discounting to explore why a preference may change as a reward draws nearer.
A separate hyperbolic discounting model showed a sharper fall over short delays and a more gradual fall over longer ones.
Compare an alternative with the original word in each passage. Shared meanings do not make every pair interchangeable.
Synonym reference scope and sources
The groups distinguish the senses selected for this study entry. Closest synonyms and broader related expressions have separate labels. The listed sources support lexical selection; not every phrase is a direct quotation from a source.
- Viscusi and Huber, Hyperbolic Discounting of Public Goods (NBER Working Paper 11935, 2006)
- Berns, Laibson, and Loewenstein: Intertemporal choice
How the synonym reference was prepared / WordNet 3.0 license