In an article in the Quarterly Journal of Economics, Ted O'Donoghue and Matthew Rabin make the following

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In an article in the Quarterly Journal of Economics, Ted O'Donoghue and Matthew Rabin make 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 a person's "long-run self"? Give two examples of people pursuing immediate gratification that their longrun selves would not appreciate.
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Microeconomics

ISBN: 9780135952955

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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