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In behavioral economics, time preference (or time discounting, delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a later date. Applications for these preferences include finance, health, and climate change.
History, History and development & Models of discounting
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time discounting discount preference rate future preferences also people one money interest differences may climate found delay utility now later
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Time preference | is a | key component of the Austrian school of economics | 0.90 | text |
| sign effects | instance of | ideas | 0.80 | text |
| sub-additivity | instance of | ideas | 0.80 | text |
| and the elicitation method can influence how people display time preference | instance of | ideas | 0.80 | text |
| inflation | instance of | adjusting for factors | 0.80 | text |
| risk | instance of | adjusting for factors | 0.80 | text |
| a monetary loss | instance of | people may not mind to delay a negative outcome | 0.80 | text |
| stated preferences | instance of | taking into account issues | 0.80 | text |
| revealed preferences | instance of | taking into account issues | 0.80 | text |
| and objective future outcomes.Interest ratesDiscount rates | instance of | taking into account issues | 0.80 | text |
| traditional economic problems both inform | instance of | taking into account issues | 0.80 | text |
| are influenced by each other | instance of | taking into account issues | 0.80 | text |
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