In an article in the Quarterly Journal of Economics, Ted ODonoghue and Matthew Rabin made the following
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In an article in the Quarterly Journal of Economics, Ted O’Donoghue and Matthew Rabin made the following observation: “People have self-control problems caused by a tendency to pursue immediate gratification in a way that their ‘long-run selves’ do not appreciate.” What do they mean by people’s “long-run selves”? Give two examples of people pursuing immediate gratification that their long run selves would not appreciate.
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