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
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.
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
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.
What kinds of things can a person be frugal on?
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.
Hmm. What makes something a frivolous purchase?
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.
Well of course!
I mean how can we create a shared definition of frivolous. It feels different from frugal. Distinct ideas. Just exploring meaning.
I don't know but the results would be an interesting read!
Can you please clarify what this means
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:
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!
Ah yes! It would be the coolest!
I think you have to be careful losing the forest for the trees
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?