When you’re making a decision, you want it to work well. You want to get the optimum results. But the same decision may work well over one time period and not over another. This is where the concept of a time horizon comes in. It’s the time period beyond which you don’t care what happens. Living off your credit card is actually the best decision — if your time horizon is one month.
Time Horizons in Decision-making
Time Horizons in Decision-making
Time Horizons in Decision-making
When you’re making a decision, you want it to work well. You want to get the optimum results. But the same decision may work well over one time period and not over another. This is where the concept of a time horizon comes in. It’s the time period beyond which you don’t care what happens. Living off your credit card is actually the best decision — if your time horizon is one month.