Beware of immediate rewards (temporal discounting)
When you make a decision that gives an immediate reward at the expense of some larger but longer term reward, this is temporal discounting.
It’s easy to value immediate gratification and hard to put a value on amorphous future rewards.
For example, if you eat too much every day now you get fat later. If you spend all your money now you have nothing left for retirement later. If you have the drinks tonight, your mental well-being and performance suffer tomorrow.
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- 126.018 Decision Making - Beware of immediate rewards to 125.016 Books - Thinking in Bets - Annie Duke
- 126.018 Decision Making - Beware of immediate rewards to 107.013.02 3 stoic emotions - 2. Wish vs Lust
- 126.018 Decision Making - Beware of immediate rewards to 107.029 Philosophy - Tolerant with others, strict with yourself
- 126.018 Decision Making - Beware of immediate rewards to 108.20.30 Data Analysis - Customer lifetime value
- 126.018 Decision Making - Beware of immediate rewards to 109.22 Productivity - Schedule the whole week in advance
- 126.018 Decision Making - Beware of immediate rewards to 110.005 Startups - Write a business plan
- 126.018 Decision Making - Beware of immediate rewards to 116.008 Life Lessons - Sit. Be Quiet. Answers will appear.
- 126.018 Decision Making - Beware of immediate rewards to 116.014 Life Lessons - Don't be shortsighted when it comes to delegation of tasks
- 126.018 Decision Making - Beware of immediate rewards to 116.032 Life Lessons - What do you want out of this life
- 126.018 Decision Making - Beware of immediate rewards to 116.041 Life Lessons - When it counts is BEFORE all hell breaks loose
- 126.018 Decision Making - Beware of immediate rewards to 116.053 Life Lessons - Postpone every subconscious decision
- 126.018 Decision Making - Beware of immediate rewards to 116.056 Life Lessons - Control the inputs not the outcomes
- 126.018 Decision Making - Beware of immediate rewards to 116.101 Life Lessons - Expected value for a startup
- 126.018 Decision Making - Beware of immediate rewards to 126.001 Decision Making - Expected Value
- 126.018 Decision Making - Beware of immediate rewards to 116.117 Life Lessons - The price of a mistake goes up tomorrow
- 126.018 Decision Making - Beware of immediate rewards to 116.124 Life Lessons - Temperance for the win
- 126.018 Decision Making - Beware of immediate rewards to 119.049 NVC - The hardest part of communication is staying present for it
- 126.018 Decision Making - Beware of immediate rewards to 119.016 NVC - NVC helps avoid the 4 sins of conflict
- 126.018 Decision Making - Beware of immediate rewards to 126.016 Decision Making - Good process + Good inputs = Great decision
- 126.018 Decision Making - Beware of immediate rewards to 126.017 Decision Making - Bigger decisions need more structure
- 126.018 Decision Making - Beware of immediate rewards to 131.001 Leadership - Napoleon learned how to do every job in the military
- 126.018 Decision Making - Beware of immediate rewards to 131.010 Leadership - Do what should be done, not what can be done
- 116.125 Life Lessons - Walk away when you're on tilt to 126.018 Decision Making - Beware of immediate rewards
- 116.127 Life Lessons - Your thoughts become your reality to 126.018 Decision Making - Beware of immediate rewards
- 126.019 Decision Making - 10 minutes, 10 months, 10 years to 126.018 Decision Making - Beware of immediate rewards