Choice Over Time

By George Loewenstein (editor), Jon Elster (editor),

Book cover of Choice Over Time

Book description

Many of our most urgent national problems suggest a widespread lack of concern for the future. Alarming economic conditions, such as low national savings rates, declining corporate investment in long-term capital projects, and ballooning private and public debt are matched by such social ills as diminished educational achievement, environmental degradation,…

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Why read it?

1 author picked Choice Over Time as one of their favorite books. Why do they recommend it?

This collection considers an array of important issues associated with choice over time, both theoretical and practical.

Some highlights include: enlightening and nuanced discussion of the idea that we discount future benefits in a way that leads to fragmentation and predictable failures to follow through on prudent plans; the application of theoretical models of choice toward illuminating phenomena such as addiction and savings behavior; and insights regarding the nature of self-control.

Notably, this is an interdisciplinary volume in which philosophical arguments are intertwined with psychological, economic, and experimental research—an approach that I find extremely fruitful and that highlights that powerful…

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