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Making the future self more emotionally close involves tactics like age progression photos and writing letters to and from the future self to establish a more vivid and emotional connection.
Diminishing the psychological burden of present sacrifices can be achieved through reframing perceptions, such as framing savings as a smaller daily amount rather than a monthly sum, to make the sacrifices feel less onerous.
Utilizing commitment devices, which help in following through on plans and goals, can significantly impact future behavior by providing guardrails against temptations and spur positive actions.
Applying future self considerations to groups and organizations involves fostering a sense of shared future identity and vision within the group to motivate collective action towards a desired future.
Encouraging awareness of the broader implications of present actions on others' future selves and emphasizing collective futures can lead to more socially responsible decision-making and a deeper connection to the greater good.
Today we welcome Hal Hershfield to the podcast. Hal is a Professor of Marketing, Behavioral Decision Making, and Psychology at UCLA’s Anderson School of Management. The recipient of numerous teaching awards, Hal was named one of “The 40 Most Outstanding B-School Profs Under 40 In The World” by business education website Poets & Quants. He publishes in top academic journals and also contributes op-eds to the New York Times, Harvard Business Review, the Wall Street Journal, and other outlets. His latest book is called Your Future Self: How to Make Tomorrow Better Today.
In this episode I talk to Hal Hershfield about meeting your future self. Decisions are trade-offs between the present and the future. Oftentimes, it's easier to choose what feels gratifying now, than to choose what's more beneficial in the years to come. Hal believes this is because we feel disconnected to our future selves. Hal shows us the mental mistakes we commit when thinking about the future. He shares with us how to visualize who we want to become, so we can make choices that are better for us now and later.
Website: www.halhershfield.com
Twitter: @HalHershfield
Topics
03:21 Hal’s expertise and background
05:40 Your Future Self
13:12 How much do we change over time?
17:25 Mental mistakes when thinking about the future
24:20 Productive prospection
28:48 Why do we fail in our long-term goals?
34:33 Time travel mistakes
40:35 Visualizing your future self
42:53 Making present sacrifices feel easier
45:42 How to get people to follow through
47:37 The future selves of organizations
50:17 Facing an uncertain future
54:03 The collective self
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