Industry WIKI

In behavioral economics, time preference (or time discounting, delay discounting, temporal discounting, long-term orientation) is the current relative valuation placed on receiving a good at an earlier date compared with receiving it at a later date. Applications for these preferences include finance, health, and climate change.

Walter Simon (30 April 1857, Königsberg – 1 April 1920) was a German banker, councillor and philanthropist active in Königsberg and Tübingen.