Definitions for time preference
time pref·er·ence

WiktionaryRate this definition:0.0 / 0 votes

1. time preferencenoun

   A measure of the preference a consumer has for enjoyment at a time in the future that is either more immediate or more remote.

WikipediaRate this definition:0.0 / 0 votes

1. Time preference

   In economics, time preference (or time discounting, delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good or some cash at an earlier date compared with receiving it at a later date.Time preferences are captured mathematically in the discount function. The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future. One of the factors that may determine an individual's time preference is how long that individual has lived. An older individual may have a lower time preference (relative to what they had earlier in life) due to a higher income and to the fact that they have had more time to acquire durable commodities (such as a college education or a house).

WikidataRate this definition:0.0 / 0 votes

1. Time preference

   In economics, time preference is the relative valuation placed on a good at an earlier date compared with its valuation at a later date. There is no absolute distinction that separates "high" and "low" time preference, only comparisons with others either individually or in aggregate. Someone with a high time preference is focused substantially on his well-being in the present and the immediate future relative to the average person, while someone with low time preference places more emphasis than average on their well-being in the further future. Time preferences are captured mathematically in the discount function. The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future. The time preference that an individual exhibits at any given moment is determined solely by their personal preferences. As such, if one "prefers" to save his money but cannot do so in the present, he is still considered to have a low time-preference. One of the factors that may determine an individual's time preference is how long that individual has lived. An older individual may have a lower time preference due to a higher income and to the fact that he has had more time to acquire durable commodities.

How to pronounce time preference?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say time preference in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of time preference in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of time preference in Pythagorean Numerology is: 7

References

1. ^ Wiktionary
   https://en.wiktionary.org/wiki/Time_Preference
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Time_Preference
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=time preference