In this Philip Zimbarbo keynote the author of 'The Lucifer Effect' talks about how time perspective inevitably affects every decision that a person makes. The unconscious tendency to organize all of one's experiences into time frames or zones affects how an individual determines their choices.
People are either present-oriented (focusing on immediate results and consequences), past-oriented (concerned with situations that have already happened and how they are important) or future-oriented (individuals whose decisions are based on future outcomes).
Zimbardo argues that the most effective way to treat time perspective is an equal balance. Use the past to become grounded and connected to your identity and family, the future to set new goals and challenges and the present to gain energy from the people, places and sensations you experience.