| 释义 |
Intertemporal Choice
An economic term describing how an individual's current decisions affect what options become available in the future. Theoretically, by not consuming today, consumption levels could increases significantly in the future, and vice versa. Investopedia Says:
For individuals, these decisions relate more to saving and retirement, while for firms, various investment decisions involve intertemporal choice.
For example, an individual who saves today consumes less, causing his or her current utility to decline. Over time, the savings grow, increasing the amount of goods the individual can consume and, therefore, the person's future utility. Related Terms:
Consumer Surplus
Economics
Efficiency Principle
Law of Diminishing Marginal Utility
Marginal Utility
Personal Consumption Expenditures - PCE
Producer Surplus
Total Utility
Utility |