DanielLC comments on Time and Effort Discounting - Less Wrong
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Some people would prefer being shocked to gaining ten pounds.
I think we need to differentiate between the utility function you might use to model your actions, and one you'd make for what you consciously think would be better. Essentially, akrasia is when the two contradict each other.
For the former, making a more complicated model would make perfect sense. For the latter, you'd probably pick something simpler, especially exponential or constant, so it doesn't require constantly changing your mind.