Abstract

The empirically documented fact is that people’s preferences are time -biased. The main aim of this paper is to analyse in which sense do time -biases violate the requirements of rationality, as many authors assume. I will demonstrate that contrary to many influential views in psychology, economy and philosophy it is very difficult to find why the bias toward the near violates the requirements rationality. I will also show why the bias toward the future violates the requirements of rationality in a very basic sense.