Every parent has observed the remarkable evolution in their children's capacity for patience. In early childhood, kids often struggle to wait for anything, consumed by the immediacy of the present ...

A 1970 article published in the Journal of Personality and Social Psychology detailed a study in which children were offered the option of getting a treat immediately or waiting 15 minutes and getting ...

Mind/Matter, a fantastic contributor here at the magazine, also has a rather popular Twitter account, which focuses more on health and lifestyle than exclusively bitcoin. I’m a big fan of the content ...

We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting, generalized hyperbolic discounting, and rank-dependent discounted utility with three ...

Sports and Bitcoin both transform energy through low time preference into appreciable proof-of-work rewards. Preface: All human action stems from the desire to increase our supply of accessible energy ...

When the market falls faster than a tree in the forest, the phrases “zoom out” and “lower your time preference” take root. “Zoom out” refers to taking a break from the omnipresent price charts that ...

Preface: All human action stems from the desire to increase our supply of accessible energy reserves. Humans act to transform energy from inaccessible to accessible. We seek to acquire energy reserves ...