What is short-term thinking?

Sources:

Short-term thinking focuses on immediate needs and quick wins rather than long-term consequences and benefits. It's a cognitive process aimed at achieving instant gratification or resolving imminent issues. In survival situations, this kind of thinking is crucial, as it prompts rapid response to immediate dangers, like reacting quickly to avoid a predator in ancient times 1 2 3.

Short Term Thinking

Ari discusses the impact of short term thinking on individuals, highlighting how immediate gratification can lead to impulsive decisions. He also touches on the benefits of short term thinking in emergency situations, emphasizing the balance needed between short term and long term perspectives in our behavior.
Dhru Purohit Show
Breaking Free of Our Brain’s Negativity Bias to Create a Better Future with Ari Wallach
1
2
3
4
5

However, when short-term thinking dominates all aspects of life, it can lead to impulsive decisions that overlook long-term impacts. For example, making a quick decision to eat unhealthy food for immediate pleasure rather than considering the long-term health consequences or focusing on quarterly profits in business rather than sustainable growth 1 4. This short-termism can result in negative outcomes like financial crises or health issues due to its emphasis on immediate rewards over future stability and well-being 5 3 2.

Ultimately, while short-term thinking is beneficial and necessary in certain contexts, a balanced approach that also considers long-term effects is crucial for sustainable success and well-being.

RELATED QUESTIONS