Philosophy Dictionary of ArgumentsHome | |||
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Time preference: Time preference refers to the tendency of individuals to value present gratification over future gains. This attitude influences decision-making in the economy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Concept | Summary/Quotes | Sources |
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Henry Sidgwick on Time Preference - Dictionary of Arguments
Rawls I 293 Time-Preference/Rationality/Sidgwick/Rawls: Rationality implies that it applies to the entire span of our lives; that something happens sooner or later is no reason to take it into account more or less strongly. >Rationality, >Time, >Past, >Present, >Future. However, the immediate present or near future may be a deciding factor in assessing safety or probability and we should consider how our immediate situation affects. >Probability, >Situation, >Actions. Rawls I 294 But none of this justifies a preference for a good because of its temporal positioning.(1) >Justification. 1. H. Sidgwick The Methos of Ethics, 7nd ed. London, 1907, p. 381; See also F. P. Ramsey,"A Mathematical Theory of Saving", Economic Journal, vol. 38,1928., reprinted in Arrow and Scitovsky, Readings in Welfare Economics.)_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Sidgwick I Henry Sidgwick Methods of Ethics 2017 Rawl I J. Rawls A Theory of Justice: Original Edition Oxford 2005 |