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A higher time preference leads consumers to choose immediate rewards over larger future benefits.
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A higher time preference leads consumers to choose immediate rewards over larger future benefits.
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Related words
time preference
Noun
countable
uncountable
Japanese Meaning
消費者が将来の享受よりも即時の享受を好む傾向、すなわち即時満足を求める性向。 / 経済学における用語で、現在の消費を優先し将来の消費を後回しにする意思決定の傾向を示す。
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