There was a long standing illusion that people care about long-term thinking. But given the opportunity, people seem to take the short-term road with high risks, instead of chasing a long-term gain, as they, themselves, might not experience the gain.
The timeframe of expectations have just shifted, as everyone wants to experience everything. Just knowing the possibility of things that can happen already affects our desires. And since everyone has a limited time in life, we try to maximize our opportunities to experience as many things as possible.
It’s interesting to talk about this to older generation (like my parents in their 70s), because there wasn’t such a rush back then. I took my mom out to some cities around the world, and she mentioned how she really never even dreamed of a possibility of being in such places. On the other hand, when you grow in a world of technically unlimited possibilities, you have more dreams.
Sorry for rambling, but in my opinion, this somewhat affects economics of the new generation as well. Who cares of long term gains if there’s a chance of nobody experiencing the gain, might as well risk it for the short term one for a possibility of some reward.
The timeframe of expectations have just shifted, as everyone wants to experience everything. Just knowing the possibility of things that can happen already affects our desires. And since everyone has a limited time in life, we try to maximize our opportunities to experience as many things as possible.
It’s interesting to talk about this to older generation (like my parents in their 70s), because there wasn’t such a rush back then. I took my mom out to some cities around the world, and she mentioned how she really never even dreamed of a possibility of being in such places. On the other hand, when you grow in a world of technically unlimited possibilities, you have more dreams.
Sorry for rambling, but in my opinion, this somewhat affects economics of the new generation as well. Who cares of long term gains if there’s a chance of nobody experiencing the gain, might as well risk it for the short term one for a possibility of some reward.