Temporal Discounting

Temporal discounting is the tendency of people to discount rewards as they approach a temporal horizon in the future or the past. To put it another way, it is a tendency to give greater value to rewards as they move away from their temporal horizons and towards the “now”.

Read more: https://en.wikipedia.org/wiki/Temporal_discounting

van den Bos, W., & McClure, S. M.. (2013). TOWARDS A GENERAL MODEL OF TEMPORAL DISCOUNTING. Journal of the Experimental Analysis of Behavior

, 99(1), 58–73.
Plain numerical DOI: 10.1002/jeab.6
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