Temporal discounting: V_hyp = A/(1+k·t); V_exp = A·exp(−k·t); t_1/2 ratio = 1/ln 2

Layer 3 — Biologyin the behavioral-neuroscience subtree

Temporal discounting — the canonical behavioral-economics framework for how organisms discount future rewards by delay. Physical setup: the subjective value V of a reward of objective magnitude A delivered at delay t decays with t…

Related concepts

Exponential generating function
Discount: V_hyp=A/(1+kt); V_exp=A·e^{−kt}; t½_hyp/t½_exp=1/ln2; ∫V_exp dt=A/k (V_hyp diverges)

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