Time Biases: A Theory of Rational Planning and Personal Persistence

Should you care less about your distant future? What about events in your life that have already happened? How should the passage of time affect your planning and assessment of your life? Most of us think it is irrational to ignore the future but completely harmless to dismiss the past. But this book argues that rationality requires temporal neutrality: if you are rational you don't engage in any kind of temporal discounting. The book draws on puzzles about real-life planning to build the c...