Apropos of “people…heavily discount the future relative to the present,” I am reminded of all the ways in which this limitation impairs our decisions, from how we address global warming to our credit card purchases.
As we age, we travel through time. I am now meeting the me I would become. My debts? I sent those to my future self a few years ago. Along with a note “Having a blast. Wish you were here.”
Young people, in particular, must have the hardest time accounting for the future because they’ve done the least traveling through time.