The phrase "a time preference" is correct and usable in written English.
It can be used in discussions about economics, finance, or decision-making, particularly when referring to the preference for receiving goods or services sooner rather than later.
Example: "Individuals with a high time preference are more likely to spend their money immediately rather than save for future benefits."
Alternatives: "a preference for immediacy" or "an inclination towards the present."
The EPS approach does not specify a time preference rate for the EPS stream, i.e., it does not establish the value of a dollar of EPS this year compared with a year from now, two years from now, etc.
Non-linearities in profit impacts due to landscape shape, soil gradients and a time preference for money suggest there is often an incentive to act sooner rather than later in slowing the spread of dryland salinity.
While the objective of a time preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may have an important influence upon these estimates.
For instance, a scientist cannot enforce the choices one makes about health in a time preference experiment.
We have done this by modelling a time preference rate.
When a time preference adjuster is also added, the difference is largely abolished.
PARTICIPANTS: The 2004 wave of the Health and Retirement Survey included in a time preferences module (1,039 respondents aged 24 to 65 years).
Probabilistic Bias Evaluation (PBE) determines the learning bias for each learning goal using probabilistic domain knowledge, an expected learning curve, and a time-preference function to find the expected discounted future accuracy for proposed biases; the best of these biases is used for learning.
In other words, a smoker that has a higher time preference rate tends to be more heavily addicted, which is consistent with the findings of previous research.
In some probit specifications of the determinants of smoking, a categorical time preference variable is included, and in other models, an alternative binary classification of time preference for young adults and mothers where longer planning horizon is restricted to those who claim they plan their finances more than 2 years in advance is estimated.
"If I were as poor as the people who take out payday loans, I might also have a high time preference," he said.
