« Wow! | Main | SOTU »

January 25, 2010

Comments

nato

"Funds-at-time-t are typically more valuable, since the economy usually grows and there are always opportunities to invest."

Also, at time t we have a lot of information about the usefulness of funds at time t but less about the usefulness of funds at time t+1. Thus, even in an economy without expectations of overall growth such that the average utility of funds at time t and t+1 is the same, there will always be more individuals aware of a high-utility use for funds at time t than at t+1. For all any of us know, we won't survive until t+1.

The comments to this entry are closed.

My Photo

Only use a payday cash advance as a last resort.

Categories

Blog powered by Typepad