Hyperbolic discounting is said to occur if the value of the future benefit is lower than the available alternative.
What is Hyperbolic discounting?
This is the tendency that human beings would have to pick a reward that is smaller but available now over a reward that is bigger but available later.
This is due to the fact that the delay would be sooner instead of later in time.
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https://brainly.com/question/24493898
