Replying to Avatar Mike Brock

I don’t think the average person’s time preference is going to change that much once they learn about bitcoin. This is one thing I really don’t get. I truly believe time preference behavior is driven by the mesocorticolimbic system in our brains, which is largely sub-cognitive.

I think notions people have that the valence of their cognitive functioning over their reward function is a purely romantic notion.

If people think otherwise, then might I suggest people explain to me what all the twelve step programs are all about.
Avatar
Mike Brock 2y ago

To the extent that bitcoiners may have low time preference behaviors, the first thing one might ask, is how do we eliminate selection bias? I'd bet a lot of bitcoin that there's a lot of selection bias at play, in the apparently low time preference dispositions we see in the community. Just like the fact that libertarian and anarchist politics are over-represented, stems from a selection effect.

Reply to this note

Please Login to reply.

Discussion

No replies yet.