hyperbolic discounting
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
The tendency to weight immediate rewards disproportionately over larger future ones.
Hyperbolic discounting is why workers underfund the pensions they rationally know they will need.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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