Time preference  

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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.
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Train wreck at Montparnasse (October 22, 1895) by Studio Lévy and Sons.

In economics, time preference (or "discounting") is the relative valuation placed on a good at an earlier date compared with its valuation at a later date.

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Unless indicated otherwise, the text in this article is either based on Wikipedia article "Time preference" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on original research by Jahsonic and friends. See Art and Popular Culture's copyright notice.

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