Why Politicians Suffer More

Politicians often struggle with delaying gratification due to their short-term focus. They face challenges in prioritizing long-term benefits over immediate gains. This is because the political system is designed in a way that discourages them from making sacrifices now for future gains, as many politicians will not be in office to reap those benefits. This short-sightedness is a barrier to making decisions that could lead to better long-term outcomes.

Watch more of this short video from The Many Ways Our Irrational Minds Sabotage Our Wealth | Dan Ariely, Behavioral Economist.

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