What happens to time preference in the context of radical life extension? Imagine how productive and flourishing society would be if the collective time preference of every (life-extended) individual plummeted...
Discussion
Big words make my head think thoughts I never thought
Time preference means preferring to have something timely or what??
High time preference: you would prefer to consume now rather than save. Low patience.
Low time preference: you prefer to defer immediate consumption and save more. Abundant patience.
Low time preference is typically associated with investing in more complex and greater amounts of production goods and building more robust societies and economies. progress, basically.