Individuals differ in how severly they discount the future…

Individuals differ in how severly they discount the future, and his example uses a discount rate that cutes the value of delayed rewards in half

— from Time

In the book

There is also the slow waste of fighting the wrong battle: do not spend your hours beating on a wall, hoping to transform it into a door. And there is the deepest distortion of all, the one our minds are built for — we discount the future far too steeply, treating the years to come as if they belonged to someone else, when the discipline that saves a life is exactly the reverse: push the easy temptation in front of you away in time, and pull the distant consequence close enough to feel it now. [Name here the stretch of your own flight you would fly differently if the tower would let you turn the plane around — the years you mistook motion for meaning, or let others spend for you.] — Time

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