MIT 14.13 Psychology and Economics, Spring 2020 Instructor: Prof. Frank Schilbach View the complete course: https://ocw.mit.edu/14-13S20 YouTube Playlist:    • MIT 14.13 Psychology and Economics, S...   In lecture 3, Prof. Schilbach explains the time preference theory, including exponential discounting, quasi-hyperbolic discounting, and sophistication vs. naivete. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu/ Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments..