We have good reasons to expect biological selection to create high discount rates. But why hasn't cultural selection made orgs (nations, religions, firms, etc) with lower discount rates? Why doesn't patience help orgs win wars, business competition, etc? https://www.aeaweb.org/articles?id=10.1257/mic.4.4.172 …
Many aspects of culture have been quite persistent over the farming era.
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But is that due to inherent persistence of culture, or merely because the persistent aspects were selected for at individual and not just group level?
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