Hyperbolic Discounting: Why the Present Always Wins
This is the CitePep accuracy record for “Hyperbolic Discounting: Why the Present Always Wins”, published by When Notes Fly. It lists every change experts checked and accepted on that page.
Hyperbolic discounting explains why people prefer $15 now over $20 in a month, yet are indifferent between $15 in a year and $20 in 13 months.
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Robert H. Strotz was at Northwestern University, not the University of Illinois
BeforeRobert Strotz, a University of Illinois economist, published a paper
AfterRobert Strotz, a Northwestern University economist, published a paper
Why: Verified already correctly fixed in body content ('Northwestern University economist'). FAQ and excerpt do not mention Strotz's affiliation at all. No further action needed.
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