Myopic Humans
Going to ramble about some economics now... Human Beings are MYOPIC... not talking about eyes, but about their view of the future... some economist ever said, "In the Long Run, we are all dead" But a lot of us are guilty of not even looking into decisions that would affect us in the near short future...
In Macroecons mid term test, the simplest theory of "Tax cuts now usually mean tax increases in the future or cut in retirement benefits because the Govt will have to balance their budget sooner or later" So you shouldn't be jumping for joy when a politician says "tax cuts", the meaning behind it is "Vote for me, I will pass the next politician a shithole national bank account, and you will suffer in the future"
Am I guilty of that? So far I think I have not... but I think most probably haven't realised how myopic many of my decisions are.... I refused to sign up any scholarships with bonds (Myopic? Wise? my grades weren't wonderful anyway...) I don't know what i want in the future... I just don't want to lose my future freedom/job mobiilty
Study in NUS and put the most hours in the whole world to reach a degree... (Myopic? maybe... it was more of ignorance... didn't know NUS had the longest hours in the world to reach a degree till I was in Japan... Most British Unis give you a Honours in 3years and Masters in 4 years)
Thinking of going back to Japan for Masters.. (Myopic? if they give me 3k a mth without any bonds, I'm better off than working... myopic? yes, I am thinking of my life for 2 years, but not how this trip would benefit me in the long term)
Paper chase... MASTERS... HONOURS... (Myopic? I really don't know.... I don't care about all these, but my future employers do... which incidentally would never be those Ministry of XXXXX, cos' those scholars would be flying Shenzhou VI while i would be taking a lift up the rankings)
If something looks too good to be true, it usually isn't true... that's a golden rule to avoid getting conned... If something looks good in the short term, think long term before giving the nod...
In Macroecons mid term test, the simplest theory of "Tax cuts now usually mean tax increases in the future or cut in retirement benefits because the Govt will have to balance their budget sooner or later" So you shouldn't be jumping for joy when a politician says "tax cuts", the meaning behind it is "Vote for me, I will pass the next politician a shithole national bank account, and you will suffer in the future"
Am I guilty of that? So far I think I have not... but I think most probably haven't realised how myopic many of my decisions are.... I refused to sign up any scholarships with bonds (Myopic? Wise? my grades weren't wonderful anyway...) I don't know what i want in the future... I just don't want to lose my future freedom/job mobiilty
Study in NUS and put the most hours in the whole world to reach a degree... (Myopic? maybe... it was more of ignorance... didn't know NUS had the longest hours in the world to reach a degree till I was in Japan... Most British Unis give you a Honours in 3years and Masters in 4 years)
Thinking of going back to Japan for Masters.. (Myopic? if they give me 3k a mth without any bonds, I'm better off than working... myopic? yes, I am thinking of my life for 2 years, but not how this trip would benefit me in the long term)
Paper chase... MASTERS... HONOURS... (Myopic? I really don't know.... I don't care about all these, but my future employers do... which incidentally would never be those Ministry of XXXXX, cos' those scholars would be flying Shenzhou VI while i would be taking a lift up the rankings)
If something looks too good to be true, it usually isn't true... that's a golden rule to avoid getting conned... If something looks good in the short term, think long term before giving the nod...
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