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Replying to Avatar Mike Brock

For the most part I think people's time preference is probably heavily genetically-influenced and to the extent it's environmentally-influenced, it's pretty baked in by someone's mid-20s. Decreasing time preference through learned self-restraint is probably just not a thing. External incentives are required.

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nymble 2y ago

see what recession does to time-preference dummy

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Mike Brock 2y ago

Those would be the sorts of external incentives I'm talking about. As opposed to intrinsic incentives.

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