to describe the speed at which future outcomes lose…
Page 185 keyword goal to describe the speed at which future outcomes lose their appeal we can refer to the discount rate. Waiting is a necessary evil most of the larger rewards we aspire to in life can take years of waiting. If your patient you have a load discount rate that is that you value future outcomes almost the same as present ones and you'll be okay having to postpone a pleasure because you value future similarly to present. If you're impatient you have a high discount rate which means you value future art comes much less than present ones. You won't wait for something because you care about having it now much more than you appreciate having it later. Realizing that we're impatient creatures is half the battle as it prepares us to fight against impatience. But we also have to know the specific factors that determine just how impatient we are .
— from Goals, Action & Defining Success (Goal/Action/Success/Motivation) · Get it done by ayelot fishbach
In the book
When you want to grow, set a stretch goal: aim it at one specific weakness, narrow your whole attention onto it, and pour in full effort. And beware a quirk of the mind here — we discount the future, so a reward that requires waiting quietly loses its pull; knowing this, you can steel yourself for the patience the goal demands. And when the goals pile up, prioritize ruthlessly — run them through a kind of tournament bracket, round after round, until you are left with the single most important priority, the one thing; Buffett's version is to list your top twenty-five aims and then ruthlessly avoid all but the top few. — Goals, Action & Defining Success (Goal/Action/Success/Motivation)