mischoose

In other words, people may mispredict and mischoose. When people make choices with uncertainty, they are often in the joint evaluation (JE) mode; when people experience an event, they are often in the single evaluation (SE) mode [43].

If people are deemed likely to be poor agents of their future selves primarily due to factors like myopia or a tendency to discount hyperbolically, (256) this conflation of risk and liquidity might cause people to mischoose REVEs.