What are time preferences?

Some articles on preference, time preferences, time:

Austrian Business Cycle Theory - Assertions
... The preference by entrepreneurs for longer term investments can be shown graphically by using any discounted cash flow model ... consumption to saving or investment is determined by people's time preferences, which is the degree to which they prefer present to future satisfactions ... Thus, the pure interest rate is determined by the time preferences of the individuals in society, and the final market rates of interest reflect the pure interest rate plus or minus ...
Austrian School - Theory - Business Cycles - Assertions
... The preference by entrepreneurs for longer term investments can be shown graphically by using any discounted cash flow model ... to saving or investment is determined by people's time preferences, which is the degree to which they prefer present to future satisfactions ... Thus, the pure interest rate is determined by the time preferences of the individuals in society, and the final market rates of interest reflect the pure interest rate plus or minus the ...
Monetary-disequilibrium Theory - Monetary-equilibrium, Loanable Funds and Interest Rates
... natural rate of interest corresponds to the time preferences of savers and borrowers as expressed in demand-supply presentation for loanable funds (r* in the figure) ... disturbance when there is monetary equilibrium but at the time of monetary disequilibrium the system becomes a source of disequilibrium by distorting the sources generated during the process of turning ... loanable funds than people's real willingness to save as determined by their time preferences ...

Famous quotes containing the words preferences and/or time:

    This is the great truth life has to teach us ... that gratification of our individual desires and expression of our personal preferences without consideration for their effect upon others brings in the end nothing but ruin and devastation.
    Hortense Odlum (1892–?)

    In time the Rockies may crumble,
    Gibraltar may tumble.
    Ira Gershwin (1896–1983)