Relatedly: people often discount improvements with large startup costs even if those costs are one time cost for an ongoing benefit. One of the worst is when it’s something one is definitely going to do eventually, so delaying paying the startup cost is simply reducing the amount of time for diffuse benefits. Exercise and learning to cook are like this.
Relatedly: people often discount improvements with large startup costs even if those costs are one time cost for an ongoing benefit. One of the worst is when it’s something one is definitely going to do eventually, so delaying paying the startup cost is simply reducing the amount of time for diffuse benefits. Exercise and learning to cook are like this.