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Time Preference
Time Preference
5
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Definitions
Social Time Preference
Economics
Time Preference
Social Value
The value that society places on present consumption relative to future consumption.
Read more about Social Time Preference.
Definitions
Discounting the Future
Discounting the Future
Time Preference
Economics
Placing a lower value on future receipts than on the present receipt of an equal sum
Read more about Discounting the Future.
Definitions
Hyperbolic Discounting
Behavioral Economics
Time Preference
Discount Rate
Decision-Making
An assumption on the rate of time preference reflecting a bias towards present rewards, showing a declining discount rate as the time horizon increases.
Read more about Hyperbolic Discounting.
Definitions
Preferences
Preferences
Axioms of Preference
Liquidity Preference
Personal Preferences
Revealed Preference
Single-Peaked Preferences
Time Preference
A detailed exploration of preferences in the context of economics, including different schools of thought and related terms.
Read more about Preferences.
Definitions
Time Preference
Time Preference
Discounting
Economic Decision-Making
Consumption
Future Value
The preference for immediate consumption over future consumption in economic decision-making.
Read more about Time Preference.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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