Goddess / Queen
- Mar 10, 2021
It's very easy to answer what it is, and slightly harder to answer WHY it is, but anyone who ever took a finance class should know this.
In economics, time preference (or time discounting, delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date.
Time preferences are captured mathematically in the discount function. The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future.
One of the factors that may determine an individual's time preference is how long that individual has lived. An older individual may have a lower time preference (relative to what they had earlier in life) due to a higher income and to the fact that they have had more time to acquire durable commodities (such as a college education or a house).
OP is literally a retard who keeps asking a question of the opposite of how its supposed to be phrased and asks "why"
Which is something he feels he memorized somewhere but there is no "why"
This is like asking someone "ok I understand that a group is an algebraic object w associativity inverdr AND identity.. But Why?"
Its a retarded low IQ gotcha attempt wjere this retard demonstrates he has no actual question cause the answer would inexplicably be linked to some poorly phrased context he purposefully didnt include.
OP is and always will be a retarded faggot
The fact that so any of you poverty cucks try desperately to disprove me shows exactly where your place is. 6 feet under my boots.
He keeps asking this retardedly phrased question pretending its a gotchaAnd why is 100 dollars today worth more than 100 dollars tomorrow?
Banks scamming you that’s whatOk and what causes interest, inflation, supply / demand?