Co-Anchor, Squawk Box, CNBC
Business in the front. Party in the back.
theatlantic.com — Self-control is hard. People tend to go for "smaller-sooner" benefits over "larger-later" rewards. Economists call this "hyperbolic discounting." You call it "I'll go to the gym next Tuesday." Nothing encapsulates procrastination better than snoozing your alarm for 30 minutes because it's easier to lie in bed than think about the costs of starting work late.
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