If I ask you today, would you choose A or B? A) 5 chocolate bars on January 1st 2021 B) 6 chocolate bars on January 2nd 2021 Almost anyone would choose B, be

If I ask you today, would you choose A or B? A) 5 chocolate bars on January 1st 2021 B) 6 chocolate bars on January 2nd 2021 Almost anyone would choose B, because: - the risk of not getting paid is almost insignificantly different between those two days, and - the value of a chocolate bar will not drop much in a day But, if offered the choice on January 1st, many people would choose to have 5 bars immediately, rather than wait a day for 6 bars. Now, you're right, this might be because you're worried about getting paid, and 0 days' risk vs 1 days' risk is quite different. The famous marshmallow test is apparently an example of this: for the kids who had experienced less stable/reliable circumstances, it seemed crazy to wait and risk getting nothing. But, even when the counterparty risk is ~zero, people exhibit similar time-inconsistent preferences.