SPOILER ALERT DISCLAIMER: This answer contains spoilers to the movie Looper.
Definitions and assumptions
In order to make the answer more readable, let's first declare that:
Younger
= the one that lives in the present
.
Older
= the one that came from 30 years later in the future to the present
.
There are in fact two Younger
persons: First Younger
is the one who shoots the Older
with the bag on his head (I will refer to this Older
as the First Older
). Second Younger
is the one whom First Younger
, when he becomes Second Older
, meets when he goes back to the past, without the bag on his head, and meets the Second Younger
.
There are some assumptions that are to be made in order to feel good with the suggested answer below:
- Knowledge is preserved through time when aging from
Younger
to Older
: in other words, whatever happens to a character, remains in his mind 30 years later.(1)
- Knowledge doesn't preserved through time backwards from
Older
to Younger
: in other words, whatever happens to Older
in the future, Younger
will know nothing about it, unless Older
will tell him this.
- Experience changes through time: in other words, whatever changes in his life
Younger
commits, Older
may be affected by them, but as long as these changes are reversible, they exist as a possibility, and do not yet change Older
.(2)
The answer
When First Younger
meets the First Older
, First Younger
hasn't already lived his life 30 years in the future, and therefore, he has no real knowledge that his loop is going to be closed (although he does suspect this may happen sooner or later, since many of his fellow loopers had their loops closed lately). Then, he kills the First Older
and lives his life for the next 30 years, possessing the knowledge his loop is going to be closed. In 30 years from this incident, he becomes the Second Older
, who in comparison to the First Older
has an advantage of knowing how his life supposed to end(3), and he has the ability to do something against being killed.
Second Younger
has no knowledge of the First Younger
having his loop already closed, so he is surprised to see his victim without a bag on his head. Second Older
is most likely shocked by the time travel, and it takes him few seconds to react, but it's a second less than it takes to the Second Younger
to react, and this way he is able to block the shot with the gold tied to his back, and to save his life.
Another important point to take notice of, is the flashback(4) that First Younger
sees before he shoots the First Older
in real time. This incident allows the Second Older
to improvise his escape from being killed by the Second Younger
.
Footnotes
(1) Second Older
knows that First Younger
had this day-dream about missing his victim and going back to his apartment to retrieve the silver plates and to escape, and therefore Second Older
follows Second Younger
to his apartment after Second Younger
misses Second Older
and Second Older
escapes.
(2) The blurry thoughts of Second Older
when he sits in the bistro with Second Younger
versus the photo of Second Older
wife in his watch.
(3) We're getting into sort of a time paradox in here, since Older
supposed to have all the memories and the experience that Younger
has, and he supposed to know that his loops is going to be closed on the first time that Older
is sent back in time. A possible solution to this time paradox is to assume that an experience becomes a memory in the future only after it happened in the past, and there are no parallel possible time lines.
(4) Technically this is not a flashback, since he most likely day-dreams the whole scene while First Younger
waits for his victim to arrive from the future. We know that this was a day-dream/flashback only because we see that later he kills the First Older
, and later, in a similar way, Second Younger
shoots at the Second Older
, who already has the memory of this day-dream.