Examples of using Time preference in English and their translations into Slovak
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He is guided by time preference.
This stems from the fact that the interest rate is derived from the time preference.
A creditor applies time preference(TP2), i. e.
The interest rate is emerges as the result of positive time preference.
The first is time preference and the second is interest rate.
It is founded on time preference.
Time preference is also a fundamental factor in capital investment and production.
Murphy calls it pure time preference.
But time preference is just as fundamental to monetary exchanges and monetary rates of interest.
We can seenow why interest is dependent on time preference.
This premium is called time preference, and it varies from person to person.
Interest is a monetary phenomenon, not explained by time preference.
Time preference, social and legal contexts, competition of exchanges offered in time. .
Mises did not think of or explain the time preference in this way.
It cannot be claimed that time preference is not part of any decision and action of a man in reality.
Hülsmann show that we cannot derive price of interest from time preference(TP2).
In the evening time preference, if all other things being equal, to give orange, red, yellow color.
Fekete thus eliminates the problem we describe above in the explanation of interest through time preference.
Time preference plays just as fundamental a role in interpersonal exchanges as it does in"autistic" exchanges.
Or: Taxation of income producers raises their effective time preference rate, and thus leads to a lower output of goods produced.
Time preference can even be seen in the behavior of children, as in the seminal"marshmallow experiment" conducted at Stanford University.
Fekete[14] also rejects the explanation of the theory of interest through time preference and comes up with his own premise of the interest theory as the exchange ratio between wealth and income.
Time preference is a necessity of action where a good in the present is always preferred more than an identical good of the same type and quality in the future.
The problem in explaining interest through time preference arises because we relate the evaluation in explaining interest to the evaluation of goods in time. .
Time preference can even be seen in the behavior of children, as in the seminal"marshmallow experiment" conducted at Stanford University, on which the New Yorker reported.
Thus, we suggest that time preference(TP2) is an associated phenomenon, as well as other associated phenomena e. g.
Mises's pure time preference(TP2), and the third is linked with implementation of roundabout methods of production, i.e. technical superiority of present over future goods.
Thus, we suggest that time preference(TP2) is an associated phenomenon, as well as other associated phenomena(e.g. legal conditions of exchange).
Mises does not relate time preference to consumption, but to a characteristic feature of action- the preference of assessing the present to the future.
Relating time preference to consumption is misinterpreted by Hülsmann, resulting in a wrong conclusion that the martyr and the suicide do not use time preference. .
