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According to Thomson, when people are confronted with the trolley case
Present
The current moment or period in time.
Future
Refers to the time that is yet to come, also used in finance as a contract to buy or sell an asset at a predetermined future date and price.
Time Inconsistency
A situation where a decision-maker's preferences change over time, making plans formulated at one time incompatible or less desirable at a future time.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a given person's mind when evaluating a specific topic, concept, method or decision.
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