>[!abstract] >In behavioral economics, time preference is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a later date. > >Time preferences are captured mathematically in the discount function. The main models of discounting include exponential, [[Hyperbolic discounting|hyperbolic]], and quasi hyperbolic. The higher the time preference, the higher the discount placed on returns receivable or costs payable in the future ()"Time preference", 2025). ## References - Time preference. (2025, March 09). In *Wikipedia*. https://en.wikipedia.org/w/index.php?title=Time_preference&oldid=1276726607 ## Related - [[Hyperbolic discounting]]