I think this is important, but I’d take it further.
In addition to computational limits for the class of decision where you need to compute to decide, there are clearly some heuristics that are being used by humans that give implicitly incoherent values. In those cases, you might want to apply the idea of computational limits as well. This would allow you to say that the reason they picked X not Y at time 1 for time 2, but Y not X at time 2, reflects the cost of thinking about what their future self will want.
I think this is important, but I’d take it further.
In addition to computational limits for the class of decision where you need to compute to decide, there are clearly some heuristics that are being used by humans that give implicitly incoherent values. In those cases, you might want to apply the idea of computational limits as well. This would allow you to say that the reason they picked X not Y at time 1 for time 2, but Y not X at time 2, reflects the cost of thinking about what their future self will want.