bodi on Nostr: I'm trying to understand this low & high time preference thinking. Low = valuing the ...
I'm trying to understand this low & high time preference thinking.
Low = valuing the future. Saving. Investing. Education. etc
High = Instant gratification. Fuck the future!
I don't understand why low = future, and high = now. Seems like opposite way is better terminology.
The future is a high amount of time from now.
The present is low amount of time.
If I'm interested more in the future, a time that's a high quantity away, I *should* be said to have high time preference.
Who can explain?
Low = valuing the future. Saving. Investing. Education. etc
High = Instant gratification. Fuck the future!
I don't understand why low = future, and high = now. Seems like opposite way is better terminology.
The future is a high amount of time from now.
The present is low amount of time.
If I'm interested more in the future, a time that's a high quantity away, I *should* be said to have high time preference.
Who can explain?