Down the Memory Hole: why we should give more priority to economic and financial history

“… We know that people generally speaking tend to engage in what financial economists call ‘hyperbolic discounting’, which applies both to the past as well as the future, resulting in a shorter term perception, giving greater weight, greater than would be appropriate given the distribution of outcomes, to more recent events …” (more)

[Brian M Lucey, 28 December]

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