Inferential distances and thus discount rates are vastly different depending on which metaphors you use to think about the future.
Could you give a couple example metaphors to help build my intuition here?
Some examples:
thinking in terms of generational shifts
thinking in terms of a given outcome things are evolving towards
thinking in terms of specific scenarios
thinking in terms of cycles
any of these can be thought about on multiple temporal horizons and people will give different answers depending on their mental habits.
Inferential distances and thus discount rates are vastly different depending on which metaphors you use to think about the future.
Could you give a couple example metaphors to help build my intuition here?
Some examples:
thinking in terms of generational shifts
thinking in terms of a given outcome things are evolving towards
thinking in terms of specific scenarios
thinking in terms of cycles
any of these can be thought about on multiple temporal horizons and people will give different answers depending on their mental habits.