From James Surowiecki, a very interesting piece about procrastination and related phenomena.
A similar phenomenon is at work in an experiment run by a group including the economist George Loewenstein, in which people were asked to pick one movie to watch that night and one to watch at a later date. Not surprisingly, for the movie they wanted to watch immediately, people tended to pick lowbrow comedies and blockbusters, but when asked what movie they wanted to watch later they were more likely to pick serious, important films. The problem, of course, is that when the time comes to watch the serious movie, another frothy one will often seem more appealing. This is why Netflix queues are filled with movies that never get watched: our responsible selves put "Hotel Rwanda" and "The Seventh Seal" in our queue, but when the time comes we end up in front of a rerun of "The Hangover."
The lesson of these experiments is not that people are shortsighted or shallow but that their preferences aren't consistent over time. We want to watch the Bergman masterpiece, to give ourselves enough time to write the report properly, to set aside money for retirement. But our desires shift as the long run becomes the short run.
I was going to post about this yesterday but...you know.
