Delayed discounting simply says that the further out in time than a given goal is, the less effective that reward will be in motivating one's behaviour. The balcetis lab did an experiment where they looked at people's tendency to save money for later in life. They had one group imagine what it would be like to be 30 or forty years older and then invest a certain amount of money according to whatever it is they thought that they would need. Other group actually viewed photos of themselve, so picture images of themselves that were artificially idigily aged,. And it turns out that people in that second group, simply by perceiving their own image in the future, invested far

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