Yvain comments on Time and Effort Discounting - Less Wrong

38 Post author: Yvain 07 July 2011 11:48PM

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Comment author: Yvain 08 July 2011 06:51:05AM 6 points [-]

Pigeons also discount hyperbolically.

Comment author: rwallace 08 July 2011 07:02:37AM 2 points [-]

... as, according to the paper you linked, do rats. Good point. Can this be explained in similar ways? A pigeon or rat's environment could surely provide uncertainty about whether a future reward will be delivered at all. Time and energy spent keeping track of a future reward might still be a significant cost. Could these factors have selected for neural circuits that just apply a hyperbolic discount function as a default in the absence of specific reason to do otherwise? This does seem to be evidence suggesting the answer might be yes.

Comment author: Strange7 08 July 2011 07:31:17AM 1 point [-]

http://lesswrong.com/lw/1ss/babies_and_bunnies_a_caution_about_evopsych/1o4d

Naturally-occurring cases where hyperbolic discounting leads to suboptimal solutions are relatively rare, and at least one seems to have evolved a patch.