rich1.0AF (npub1hh…3cz98)https://yabu.me/npub1hhczaensvm77hgj4uxk804n6m9gy3hk4p6ugtgqu4vu32mjzst0s83cz98njumphttps://yabu.meMost people misunderstand the concept of time preference. Neither a low nor high time preference is inherently good or bad. Rather, time preference serves as a metric or heuristic for understanding an individual’s circumstances and values. For instance, in a country experiencing hyperinflation, where access to a stable currency is limited, a high time preference is a rational response. Similarly, if someone is diagnosed with terminal cancer and given six months to live, a high time preference is a logical choice. People should not blindly strive to adopt a specific time preference. Instead, the most suitable time preference will naturally emerge based on one’s circumstances and priorities. nostr:note1k5nkkfra9al6s40m2qvm24psue29kxpmnskjhsa2llzp3ccqjcmshr9pga