🕛 What is your time preference? \ stacker news ~culture

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🕛 What is your time preference?

772 sats \ 14 comments \ @art 29 Apr culture

Imagine you had a neutral third party observe your behaviours over the last year. Not intentions - behaviours.

On the whole, in however you understand the construct - what level of time preference would they say you act in?

Low time preference25.9%

Medium time preference48.1%

High time preference14.8%

See results/ Don't know11.1%

27 votes \ poll ended

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1 reply \ @kepford 29 Apr

I'd say it varies. I believe we all do many low/medium/high time pref things over the course of a year. High isn't bad. Low isn't good. It depends.

0 sats \ 0 replies \ @art OP 29 Apr

I agree - and this is something i want to get to eventually

For now my question is on average, from an outside observer's point of view

10 sats \ 5 replies \ @rtr 30 Apr

Medium. There are things that I want that I know are luxuries but I'm saving up for them instead of being financially irresponsible.

I don't know. I've always thought of Low Time Preference as being frugal on everything. I'm not at that point, yet.

0 sats \ 4 replies \ @art OP 30 Apr

What kinds of things can a person be frugal on?

0 sats \ 3 replies \ @rtr 30 Apr

Well, I think it depends on what you consider as essential.

Personally, I think it's about spending less on frivulous things. Maybe I'd consider getting something cheaper or perhaps focus on repairing things that I have instead of throwing them away, that kind of stuff.

0 sats \ 2 replies \ @art OP 30 Apr

Hmm. What makes something a frivolous purchase?

0 sats \ 1 reply \ @rtr 2 May

Well, that depends on you.

I have a set of things that I would consider frivolous, but those things might not be the same for you.

0 sats \ 0 replies \ @art OP 2 May

Well of course!

I mean how can we create a shared definition of frivolous. It feels different from frugal. Distinct ideas. Just exploring meaning.

0 sats \ 1 reply \ @BenAllenG 30 Apr

I think you have to be careful losing the forest for the trees

0 sats \ 0 replies \ @art OP 30 Apr

This is very poetic but i'm afraid i don't understand.

Can you help clarify how this connects to an observation about one's time preference behaviours?

0 sats \ 3 replies \ @anniedustan 29 Apr

I don't know but the results would be an interesting read!

0 sats \ 2 replies \ @art OP 29 Apr

Can you please clarify what this means

10 sats \ 1 reply \ @anniedustan 30 Apr

Yes! I think I was tired when I wrote that reply and it didn't make much sense did it?

In answer to your original question:

Imagine you had a neutral third party observe your behaviours over the last year. Not intentions - behaviours. On the whole, in however you understand the construct - what level of time preference would they say you act in?

I don't know the level of time preference they would say that I acted in. So I would be interested to wait for the results and find out! I would imagine that if you had someone observing you for a year, that they would collect a lot of data about your behaviours and that in itself would be an interesting read!

0 sats \ 0 replies \ @art OP 30 Apr

Ah yes! It would be the coolest!