Daniel Goldstein: The battle between your present and future self

The video discusses the story of Odysseus and the Sirens as an example of a commitment device, a strategy to resist temptation by binding oneself to a decision made with a cool head. It explores the concept of two selves: the present self, which seeks immediate gratification, and the future self, which desires long-term benefits. The video highlights the challenges of using commitment devices, such as the constant reminder of lacking self-control and the ability to weasel out of them. It also introduces tools to help people visualize their future financial selves and make better saving decisions.

What strategy does Odysseus use to hear the Sirens' song while keeping his crew safe?

How does Odysseus plan to ensure he does not succumb to the temptation of the Sirens?

What is the significance of the rehearsal that Odysseus conducts with his crew?

What does the term 'commitment device' refer to in the context of the text?

What are the two selves described in the text, and how do they relate to temptation?

What challenges do people face when trying to resist temptation according to the speaker?

What does the speaker suggest about the relationship between the present self and the future self?

How does the speaker illustrate the concept of commitment devices through personal experience?

How does the speaker propose to help people visualize their future selves?

What role does virtual reality play in changing people's perceptions of their future selves?