BY UNDERSTANDING ‘TEMPORAL DISCOUNTING,’ YOU CAN LEARN TO MAKE BETTER DECISIONS. Niklas Göke. Jan 6 · 4 min read Photo: Klaus Vedfelt/Getty Images. Would you rather have one apple today or two apples tomorrow? When faced with this choice, you’d likely have to think a bit. You’d start pondering how much you like apples, how hungry you are right now, and what your current refrigerator situation is looking like. But what if I offered you this choice: Would you rather have one apple in a year, or two apples in a year and one day? Now that one is obvious. The premise is identica : Wait one additional day, and get twice as many apples. So why is it that one of these choices feels difficult, while ... Full story
27 February
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