I don't recall ever having seen a ripe pear for purchase. you always have to wait on pears...
pears are the low time preference fruit
I don't recall ever having seen a ripe pear for purchase. you always have to wait on pears...
pears are the low time preference fruit
Yep. Opposite of bananas, and avacados? Well, good luck timing that market.
Pears ripen within days. In economics, this is considered "high" time preference.
Starting a retirement fund and withdrawing from it 30 years later would be considered "low" time preference.