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improvidence (n.)

"lack of foresight, rashness," mid-15c., from Late Latin improvidentia, from assimilated form of in- "not" (see in- (1)) + Latin providentia "foresight, precaution" (see providence).

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Definitions of improvidence from WordNet

improvidence (n.)
a lack of prudence and care by someone in the management of resources;
Synonyms: shortsightedness
From wordnet.princeton.edu