According to this view, the pure interest rate is determined by the time preferences of the individuals in society.

Contingent contracts can also lead to effective agreement when each party has different time preferences.

One of the factors that may determine an individual's time preference is how long that individual has lived.

The annual rate of 10 per cent is assumed to represent the investor's time preference for money.

The time preference that an individual exhibits at any given moment is determined solely by their personal preferences.

This is described by economists as time preference.

Ultimately, the consumer decision depends on their reference interest rate or their time preference.

Many social anarchists object to the theory of time preference being applied to an economy as a whole in a capitalist society.

This model allows for the individuals' time preference rate - to differ from the markets' interest rate.

This view is consistent with empirical observations that humans display inconsistent time preferences.

The real interest rate is determined by non-monetary factors: (productivity of capital, time preference).

Banks will create more loanable funds than people's real willingness to save as determined by their time preferences.

Time preferences are captured mathematically in the discount function.

Since according to time preference theory people prefer goods now to goods later, in a free market there will be a positive interest rate.

The time preference theory of interest is an attempt to explain interest through the demand for accelerated satisfaction.

Time discounting (or time preference) is the tendency to weigh present events over future ones.

So present and expected needs, present and expected income affect the time preference.

The paper also proves analytically that when interest rate is lower than the time preference rat, individuals would accumulate savings.

DU assumes that humans have consistent time preference and will assign value to events regardless of when they occur.

Production began in 1943, however by this time preference had shifted to anti-tank vehicles, and the T55E1 was cancelled.

There is no absolute distinction that separates "high" and "low" time preference, only comparisons with others either individually or in aggregate.

Quasi-hyperbolic time preferences are also referred to as "beta-delta" preferences.

However, the existence of market imperfections results in the social opportunity rate exceeding the social time preference rate.

The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future.

Thus time preference is meaningless.