In my last post I introduced the concept of time preference and some basic human behaviours around it. I left that blog post with two questions; why has our current political and economical systems failed at lowering society’s time preference at large, and what can we do ourselves to achieve this? Why would you want … Continue reading Lowering your time preference
One important thing that separates us humans from other primates, apart from the obvious things, is that humans are able to consciously delay gratification of things. Like saving food or money for scarcer times, or investing resources for future growth. This ability is one of many important catalysts to building a successful society. In economic … Continue reading Time preference – what is it?