Regarding time inconsistency of rewards, where subjects displayed a “today-bias”, might this be explained by shards formed in relation to “payout-day” (getting pocket money or salary)? For many people, agency and well-being vary over the month, peaking on the day of their monthly payout. It makes sense to me that these variations create a shard that values getting paid TODAY rather than tomorrow.
For the 365 vs 366 example, I would assume that the selection is handled more rationally, optimizing for the expected return.
Regarding time inconsistency of rewards, where subjects displayed a “today-bias”, might this be explained by shards formed in relation to “payout-day” (getting pocket money or salary)? For many people, agency and well-being vary over the month, peaking on the day of their monthly payout. It makes sense to me that these variations create a shard that values getting paid TODAY rather than tomorrow.
For the 365 vs 366 example, I would assume that the selection is handled more rationally, optimizing for the expected return.