Railroad discounting

Spatial perspective implies a hyperbolic spatial discount rate. To the extent that discounting with respect to space and to time are analogous, this result provides further evidence that hyperbolic discounting is a good description of how we view the world. •One-point spatial perspective implies a decreasing “spatial discount rate”.•Our spatial view of the world corresponds to hyperbolic, not constant discounting.•The continuous limit corresponds to logarithmic discounting.