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How to Stick to New Year's Resolutions

Mon, 01/03/2011 - 4:50am

A few days into the new year and most of us are already beginning to waver in our earnest resolve to skip dessert, hit the gym every morning, and finish War and Peace. It's a well-known phenomenon that recurs every year and that economists have formalized into a theory called hyperbolic discounting.

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