Before revision: It can work to undermine actions where results take time to mature and "demand immediate outlays which may not produce tangible effects within any one government's term".Pope Francis, Encyclical letter – Laudato si’ of the Holy Father Francis – On care for our common home, paragraph 181, published 24 May 2015, accessed 30 April 2024 Short-termism is attributed to certain cognitive biases .
After revision: It can work to undermine actions where results take time to mature and "demand immediate outlays which may not produce tangible effects within any one government's term".Pope Francis, Encyclical letter – Laudato si’ of the Holy Father Francis – On care for our common home, paragraph 181, published 24 May 2015, accessed 30 April 2024 BBC journalist, Richard Fisher links short-termism to "a weakness in our thinking called present bias, which favours short-term payoffs over long-term rewards" .