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Low Time Preference Leads To Civilization – OpEd

Eurasia Review Saturday, 27 April 2024 ()
By Soham Patil

Time preference refers to the preference of satisfaction in the present as compared to a future time. A person who heavily prefers current consumption to future consumption has a high time preference as he places a heavy premium upon satisfaction as soon as possible. By contrast, a person who does not place a...
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