What value virtue, what value vice?

Filed under:Economics, Society, marketing, metacognition, time management — posted by Nic "RedWord" Smith on September 12, 02007 @ 12:32 AM

I was going through my bookmarks, and found this via Collision Detection, an article which has had quite an impact on my thinking on some matters:

While yielding to temptation can certainly be harmful, this article argues that overcontrol and excessive farsightedness (hyperopia) can also have negative long-term consequences. In particular, we propose that, with the passage of time, choices of virtue over vice (e.g., work over pleasure) evoke increasing regret.

- “Repenting Hyperopia“, Ran Kivetz and Anat Keinan

I probably would not have gone to ACEN 2007 if I hadn’t read this. On the other hand, there are some things in the past that I wish I had worked harder at, as well as past tasks that I wish I had just completely neglected (case in point: I spent a lot of time, money, and effort deciding which college to attend. My friend Scott picked UIC mostly on the basis of its location, and partly at random. I think he made a better choice by far; I also probably would have gotten more out of the experience if I had done less homework and gone to some parties from time to time).

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image: detail of installation by Bronwyn Lace