77. Time Discounting

People tend to value things in the present more that in the future. So time discounting itself can be even useful, but people may incorrectly value things in different moments in the future, and it may lead to wrong choices in the present.

Additional information:
S Frederick, G Loewenstein, T O'donoghue, “Time discounting and time preference: A critical review” - Journal of economic literature, 2002.