Still, we still favour short term over long term. First because the future in uncertain, and long term predictions are less reliable. That basically introduce

Still, we still favour short term over long term. First because the future in uncertain, and long term predictions are less reliable. That basically introduces a discount rate, which any long term investment have to overcome. Second, there are other specific mechanisms that favour short term over long term. For private companies, it's the desire of the stakeholders for fast return on investment. They want their dividends now, not in 10 or 20 years for now. We only live so long, after all —for now. For public funding, the government favour anything further than the next elections. That spurs decisions that may be rational for egotistical individuals, but which are nuts at a societal level. If our society really were rational, it would fund basic anti-ageing research more, and basic AGI and FAI research much more. Not to mention cryonics. But what would you expect? Most people are sufficiently nuts to still believe in the supernatural anyway.