Time inconsistency - Deepstash
Time inconsistency

Time inconsistency

When we think about the future we want to make choices that lead to long-term benefits (“Yes, I'll save more!”), but when we think about today, we want to make choices that lead to short-term. immediate benefits (“I'll spend it right now.”).

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sim_ni

Age is just a number: Achieve your dreams at any stage in your life.

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Long-Term Consequences

Thinking about the future can guide us to make choices that reflect our beliefs and objectives.

Benefits of Considering the Future:

  • Make informed and responsible decisions
  • Stay true to our values and goals
  • Avoid short-term gratification
  • Ha...

The Immediate vs Delayed Return Environment

Immediate-return environment: your actions instantly deliver clear and immediate outcomes. 

Delayed Return Environment: the choices you make today will not benefit you immediately. If you save money now, you'll have enough for retirement later. 


Many of the...

The answer to inconsistency

The answer to inconsistency

To beat procrastination and make better long-term choices, find a way to make your present self act in the best interest of your future self. You have 3 primary options:

  1. Make the rewards of long-term behavior more immediate.
  2. Make the costs of procrastination more immediate.

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