64 sats \ 0 replies \ @kr 30 Jan \ on: On Providing Value econ
The first thing to notice about these transactions is that they have high time preference behavior around them. There's at least one party that's being especially impulsive
how do you determine when a transaction involves high time preference behavior?
i get the extreme examples of gambling, but i suspect the economy can be broken down into a whole spectrum of transactions that exist along a time preference continuum.
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