DryMind

Hyperbolic discounting

Source

People prefer immediate rewards in the short-term over better rewards in the long-term.

Use

Frame your message in such a way that its effects are seen in shortest possible time. Egs

  • Rather than go with “Shed 10 kgs in 60 days”, try “Burn 1000 calories today, so that you don’t have to burn extra calories tomorrow.”
  • Instead of saying “You’ll likely get lung cancer in 5 years”, we can reframe like “Every cigarette you smoke, makes it that much harder for you to quit.”
  • Instead of saying, you’ll save $20 dollars by buying our yearly subscription of $100. We can try reframing it by saying - “You only pay $8.40 this month instead of $10.”

Counter

Think in second order.

Referred in

Hyperbolic discounting