Friday, September 28, 2007

Why We Can't Live with a Nuclear Iran by The Obnoxious American


I've noticed something about people. When provided an out in a sticky situation, people tend to take it, regardless of future consequences. This is known as a dynamic inconsistency, a situation where people's preferences change over time. A great example is the high school kid who drops out. His present self is thrilled with the decision to sleep late and watch daytime TV as opposed to buckling down in class, but his future self likely won't be nearly as happy with the reduced ability to earn as life goes on. Generally speaking, it's much better to consider your future self, and not the immediate happiness of the present self, when making long range decisions.

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