A trick I sometimes use, related to this post, is to ask whether my future self would like to buy back my present time at some rate. This somehow makes your point about intertemporal substitution more visceral for me, and makes it easier to say “oh yes this thing which is pricier than my current rate definitely makes sense at my plausible future rate”.
A trick I sometimes use, related to this post, is to ask whether my future self would like to buy back my present time at some rate. This somehow makes your point about intertemporal substitution more visceral for me, and makes it easier to say “oh yes this thing which is pricier than my current rate definitely makes sense at my plausible future rate”.