Suppose that you are a person who suffers from what an economist would call a “high discount rate.” You tend to attach very little importance to the long-term consequences of your actions. As a result, you smoke and drink a lot, eat a lot of bacon, are massively in debt, and so on. Then, someone proposes that you take a pill which is known to make people attach greater importance to the future.
Would you take the pill?
Would it be rational for you to take the pill?