Sunday, July 24, 2016

Shakespeare on Present Bias and Hyperbolic Discounting

What is love? 'tis not hereafter;
Present mirth hath present laughter;
What's to come is still unsure:
In delay there lies no plenty;
Then come kiss me, sweet and twenty,
Youth's a stuff will not endure.

(Twelfth Night, Act 2, Scene 3, Lines 748-753)

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