Network, Strategy, and Time: the Network-Time Compression Hypothesis

Temporal discounting is a well-known phenomenon: a reward received today is felt to be worth more than a comparable reward to be received years in the future. We also know that some people are more prone to the phenomenon. In this paper, we look at business planning and strategy as a function of the time compression in temporal discounting. Specifically, we focus on the social environment around a business leader using the network-time...