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Intertemporal choice

Noun

Definitions

1.NounA choice made between current benefits and future benefits. For example, by consuming less today and saving more, consumption could be increased in the future.

Synonyms

permanent income hypothesissiegel's paradoxconsumption functiondisposable incomecobenefitcomposite demandopportunity costunderconsumptioneconomydiscretionariesexpectations hypothesisoptionality
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