Economics and Divorce?
From the Freakonomics blog, an interesting use of an economic principle of “hyperbolic discounting” when considering divorce and marriage. The definition given: “people overemphasize current pleasure and pain in comparing actions at different points in time.“ A short post but well worth the read.
May 3rd, 2008 at 11:06 am
This is something that I know will be presented to me when I tell him – the economy. My comment regarding this is: what about gallons of pain from the past 18 years vs. current pleasure for now and in the future – even if the economy is bad right now.