Transcript
A (0:03)
How often do you think about your future self? It's something my friend psychologist Hal Hirschfeld thinks about all the time.
B (0:11)
So I'm Hal Hirschfeld, and I primarily study how people make decisions, especially ones that have consequences over long periods of time.
A (0:20)
And so how did you first start thinking about this idea of a future self?
B (0:27)
So much of it started, honestly, in the space of financial decisions. You know, so this started almost 20 years ago, looking at what economists have called the retirement crisis.
A (0:38)
Hal was in graduate school, a year away from receiving his PhD in psychology. It was 2008, during what's become known as the Great Recession. The stock market crashed, wiping out trillions of dollars in retirement savings.
C (0:51)
And.
A (0:52)
And Hal began wondering why people were so eager to take risks with their financial future.
B (0:57)
My advisor had said to me, you know, psychologists should have something to say about these very important financial decisions. And that really pulled a thread for me on what do people think about when they think about the long run? And then I quickly realized that sort of question doesn't just apply to retirement. It applies to health, and it applies to ethics and environmental decisions and death and dying. All of these things are under the same umbrella.
A (1:26)
Hal was trying to figure out why so many of us make decisions that won't serve us in the long run. And he came to a rather surprising conclusion.
B (1:34)
Maybe we just don't think of our future selves as if they're really a connection of who we are now. Maybe they're almost like another person.
A (1:42)
Yeah.
B (1:42)
And if that's the case, then what should matter for decisions is the relationships that we have with our future selves. In the same way that what matters for how, how I treat other people is the type of relationship I have with them. If I'm close to them, I'll do things for them, and if I'm not, if they're a stranger to me, then I'll go about my business and not really take care of them. And I had come across some neuroscience research that suggested that the brain basically can tell what's me and what's not me. There's a different signature pattern for when I think about you or when I think about a friend compared to when I think about myself.
