Humans will place less weight on the future than they do on the present (Dasgupta). In this example, the big event of going to the gym seems like nothing at the moment, but as the time comes to work out it is too much work to go. In a Harvard economics lecture about Quasi-hyperbolic discounting in 2011, “Relative to the current period, all future periods are worth less” (Laibson). This means the value of the time someone will spend changes depending on how close or far the time is from the current period. People keep wanting to exercise later and procrastinate because if exercise delays benefits, it will provide more utility to go at a later
Humans will place less weight on the future than they do on the present (Dasgupta). In this example, the big event of going to the gym seems like nothing at the moment, but as the time comes to work out it is too much work to go. In a Harvard economics lecture about Quasi-hyperbolic discounting in 2011, “Relative to the current period, all future periods are worth less” (Laibson). This means the value of the time someone will spend changes depending on how close or far the time is from the current period. People keep wanting to exercise later and procrastinate because if exercise delays benefits, it will provide more utility to go at a later