Two kinds of time bias

In our philosophy of time seminar, we have been thinking about time biases. Humans appear to discount future goods and bads so that a good or bad with value λ at temporal distance T in the future has effective value f(T)λ for some monotonically non-increasing function f. We might call this a relational time bias—the bias is based on the temporal relation between us-now and the goods and bads we are thinking about.

But there are also structural or non-relational time biases. Thus, as is well known, we think that a life of improvement is better to a life of deterioration, even if the total amount of good is the same. In other words, we think it’s better if the goods are rearranged in life to go closer to the end of life. Putting them closer to the end of life is also usually putting them further in the future, but the concern here is purely structural, not about how far or close the goods are to the present as such.