The future price of gold cannot be discussed without considering its implied discount rate expressed through time-preference. This is the relative desire to own goods at an earlier date rather than ...

Every parent has observed the remarkable evolution in their children's capacity for patience. In early childhood, kids often struggle to wait for anything, consumed by the immediacy of the present ...

Prior studies have found a strong negative relation between smoking and body mass index (BMI). Smoking and unhealthy eating both imply a preference for utility in the present at the expense of future ...

Mind/Matter, a fantastic contributor here at the magazine, also has a rather popular Twitter account, which focuses more on health and lifestyle than exclusively bitcoin. I’m a big fan of the content ...

The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest. American economist Frank Fetter was the best-known proponent of the pure ...

When the market falls faster than a tree in the forest, the phrases “zoom out” and “lower your time preference” take root. “Zoom out” refers to taking a break from the omnipresent price charts that ...

Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves ...

Journal of Risk and Uncertainty, Vol. 55, No. 2/3 (December 2017), pp. 119-145 (27 pages) We investigate the predictive power of survey-elicited time preferences. The discount factor elicited from ...

The aim of this paper is to build the stated preference method into the social discount rate methodology. The first part of the paper presents the results of a survey about stated time preferences ...