Time preference

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At a glance

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Notion

Domain

Science and technology

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What Wikipedia says

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.

Excerpt from the Wikipedia article “Time preference”, under the CC BY-SA 4.0 license. Read the article on Wikipedia