Maybe the promised payoff will never (27 อ่าน)
Maybe the promised payoff will never arrive, like when a pension fund goes bust. And after all, you're only young once. It makes no sense to save up for decades to buy an expensive sound system at an age when you can no longer hear the difference. So our problem is not that we discount the future, but that we discount it too steeply. We eat, drink and make merry as if we'll be dead in only a few years. And we discount the future myopically. We know at some point we should start saving for a rainy day, but the money we have now burns a hole in our pocket.