“There is a natural human tendency to make the next step an upward one. He ends up falling for a common trap highlighted by behavioral economists: people tend to systematically overvalue near term over long term rewards. This effect seems to be even stronger in more ambitious people. Their ambition seems to make it hard for them to forgo the nearby... See more

But the lure of the current hill is strong. He ends up falling for a common trap highlighted by behavioral economists: people tend to systematically overvalue near term over long term rewards . This effect seems to be even stronger in more ambitious people.