The expressions "high time preference" and "low time preference" are not defined here, but they are used all over the Austrian literature. They are frankly confusing, and I often forget which one means "prefers to get stuff sooner" and which one means "willing to wait if it means they will get more stuff".
- Yes, that is something, that needs to be added - and will be, eventually. :) Pestergaines 21:58, August 9, 2010 (UTC)