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Time preference Explain what is future bias. Give an example quote of a future-biased person. Explain what is theLinguistic hypothesis of time preference. Cross-country regressions
Time preference
- Explain what is future bias. Give an example quote of a future-biased person.
- Explain what is theLinguistic hypothesis of time preference.
- Cross-country regressions show a strong correlation between weak-FTR languages and future-oriented behavior. Can we then conclude language determines time preference? Explain your answer. As an economist, can you provide a solution to help with the causal inference? Explain.
- Explain why the Columbian Exchange can be a valid instrumental variable to help identify the causality between agricultural origin and time preference.
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