They don’t make things like they used to. From sweaters to furniture, cheap consumer goods break down quickly and are frequently discarded. Consumers typically wear fast-fashion products for less than ...

That is the premise on which temporal discounting, a major tool in economic theory, is based on. If we want to compare present and future payoffs, we must account for the fact that we tend to value ...

It’s good to live in the present, or so we’re told. But as is so often true, it’s something best done in moderation. The present bias, or temporal discounting bias, is yet another reminder of this.