“Time preference” is
an economic term that expresses the relative value of having something now as
opposed to having that same thing later.
People with high time preferences focus
primarily on their well-being in the present and in the immediate future. They
choose now over later more often than average.
People with low time preferences, on the other hand, look further down the road. They most often choose later over now.
People with low time preferences, on the other hand, look further down the road. They most often choose later over now.
