r than later. P…reference is positive for all humans, as the future is uncertain, and the end could always be near. Therefore, all else being equal, we naturally prefer to receive value sooner rather than later. People who prefer to defer current consumption and instead invest for the future are said to have a…
«All else being equal = nothing changed» If nothing changed, did time really run through? More specifically, if all else is equal, where is the uncertainty? I am afraid that the ceteris paribus caveat is not applicable when theorizing about time.
Preference for present does not explain the act of saving.