Governmental budget deficits, environmental destruction, and decaying urban infrastructure can be partially explained by the bias known as discounting the future.

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Discounting the future is a bias weighting short-term costs and benefits more heavily than longer-term costs and benefits. Discounting the future is said to partly explain governmental budget deficits, environmental destruction, and decaying urban infrastructure.

Governmental Budget Deficits, Environmental Destruction, and Decaying Urban Infrastructure Can