Imagine that time preference decisions can be made on a series of levels.
❓**If you are a low to medium time preference individual**, which time preference level, on average, is most important to how you make decisions?
# Time Preference Levels
**Individual**
The person makes future-based decisions for themself as the main recipient of the decisions.
For example, if i save value, i will enjoy these savings in 10 years. If i exercise, i will be healthier in 10 years. If i save time on x activity, i will have more time for myself. If i pick up litter, i will be happier tomorrow when i walk by this path again. When i buy stuff, i care about price and quality.
**Family/ Small Social Unit**
The person makes future-based decisions for their family unit or small social units (friends, neighbours, church).
For example, if i save value, my family/ social unit will have more to act with in the next 10 years. If i exercise, i will have more to give to my family/ social unit in the next 10 years. If i save time on x activity, i will have more time for my people. If i pick up litter, my neighbours will be happier tomorrow when they walk by this path again. When i buy stuff, i care about price and quality and impact on my family/ small social unit.
**Macro**
The person makes future-based decisions with the hope of having impact on a larger recipient group (city, province, ecosystem, and the like).
For example, if i save value, my community will have more to act with in the next 10 years. If i exercise, i will drive down costs that my taxes pay for my healthcare (for example in Canada). When i buy stuff, i care about price and quality, materials and how they were extracted and processed, as well as impact on the people who created it along the full supply chain.
# Context
In a [previous poll](https://stacker.news/items/523330), i asked what level of time preference people have on average.
We learned approx 42% of those who responded say their behaviour is, in general, of a low to medium time preference.
Here i wanted to drill deeper to understand what decision-making goes into time preference abstraction.
art / art assoiants
npub1a6n…s58k
2024-04-30 21:13:49
Author Public Key
npub1a6n3dmwmluswq30uxrf7st6rpz6chlewyahg4dzxsyfm9mq7rmdqmjs58kPublished at
2024-04-30 21:13:49Event JSON
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"content": "Imagine that time preference decisions can be made on a series of levels. \n\n❓**If you are a low to medium time preference individual**, which time preference level, on average, is most important to how you make decisions? \n\n# Time Preference Levels\n\n**Individual**\nThe person makes future-based decisions for themself as the main recipient of the decisions. \n\nFor example, if i save value, i will enjoy these savings in 10 years. If i exercise, i will be healthier in 10 years. If i save time on x activity, i will have more time for myself. If i pick up litter, i will be happier tomorrow when i walk by this path again. When i buy stuff, i care about price and quality.\n\n**Family/ Small Social Unit**\nThe person makes future-based decisions for their family unit or small social units (friends, neighbours, church). \n\nFor example, if i save value, my family/ social unit will have more to act with in the next 10 years. If i exercise, i will have more to give to my family/ social unit in the next 10 years. If i save time on x activity, i will have more time for my people. If i pick up litter, my neighbours will be happier tomorrow when they walk by this path again. When i buy stuff, i care about price and quality and impact on my family/ small social unit.\n\n**Macro**\nThe person makes future-based decisions with the hope of having impact on a larger recipient group (city, province, ecosystem, and the like).\n\nFor example, if i save value, my community will have more to act with in the next 10 years. If i exercise, i will drive down costs that my taxes pay for my healthcare (for example in Canada). When i buy stuff, i care about price and quality, materials and how they were extracted and processed, as well as impact on the people who created it along the full supply chain. \n\n# Context\nIn a [previous poll](https://stacker.news/items/523330), i asked what level of time preference people have on average. \n\nWe learned approx 42% of those who responded say their behaviour is, in general, of a low to medium time preference. \n\nHere i wanted to drill deeper to understand what decision-making goes into time preference abstraction. ",
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