Picoeconomics: The Strategic Interaction of Successive Motivational States within the Person

Originally published in 1992, this book examines an elementary human paradox: that we are endangered by our own wishes; or, as Oscar Wilde put it, 'When the gods want to punish us they answer our prayers.' Even though this observation is ancient and confirmed by wide experience, none of the disciplines that deal with decision making explain it adequately. Dr. Ainslie uses findings from behavioral experiments to show that there is a basic tendency for humans to form temporary preferences for...