An important platitude about prudential rationality is that I should not refuse to sacrifice a smaller amount of present welfare for the sake of larger future benefits. I ought, in other words, to treat my present and future as of equal prudential significance. The demands of prudence are less clear, however, when it comes to one’s past selves. In this paper, I argue that past benefits are possible in two ways, and that this fact cannot be easily accommodated by traditional (...) approaches to prudential rationality. Against univocal accounts of prudential rationality, I hold that the possibility of past benefits suggests that a bias toward the present and future is defensible when it comes to some welfare goods, but that prudential reasons are temporally neutral between when it comes to the success or failure of one’s long-term projects. (shrink)

How do we determine the well-being of a person when her preferences are not stable across worlds? Suppose, for instance, that you are considering getting married, and that you know that if you get married, you will prefer being unmarried, and that if you stay unmarried, you will prefer being married. The general problem is to find a stable standard of well-being when the standard is set by preferences that are not stable. In this paper, I shall show that the (...) problem is even worse: inconsistency threatens if we accept both that your desires determine what is good for you and that you must prefer what is better for you. After I have introduced a useful toy model and stated the inconsistency argument, I will go on to discuss a couple of unsuccessful theories and see what we can learn from their mistakes. One important lesson is that how you would have felt about a life had you never led it is irrelevant to the question of how good that life is for you. What counts is how you feel about your life when you are actually leading it. Another lesson is that a life can be better for you even if you would not rank it higher, if you were to lead it. (shrink)