Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)
The "What is Money?" Show
00:00
Is Senility Raising Your Time Preference?
The best antidote to uncertainty is options, right? So people are stocking dollars in anticipation of being able to deal with any situation. As you shift from childhood into adolescence and adulthood, you tend to have at least the ability to have a lower time preference. But then he makes the further point that actually in senility, like when you get close to the end, your time preference tends to come back up.
Transcript
Play full episode
