Long-term investment, not altruism
2018-03-31
https://gyazo.com/734142936045032e1cf378b94bf47c2a
The discount rate for future value varies from person to person.
The figure says hyperbolic discounting, but hyperbolic discounting is different because we are talking about a (irrational) reduction in the discount rate itself hyperbolic discounting - Wikipedia.
Stanford's [Marshmallow Experiment - Wikipedia https://ja.wikipedia.org/wiki/%E3%83%9E%E3%82%B7%E3%83%A5%E3%83%9E%E3%83%AD%E5%AE %9F%E9%A8%93]
A person with a higher discount rate estimates a higher future value that is balanced by the current $10,000.
So we tend to choose "what we want now" from a variety of options.
When the discount rate is somewhat lower, the average growth rate of people and stocks is greater
When it comes to that,
Better to invest for the long term in stocks than to get cash now.
Better to benefit others than to benefit yourself now (assuming a retro-return policy)
Selfish decisions to maximize one's own future profits result in the behavior of "giving to others rather than taking for oneself.
This is seemingly altruistic behavior.
But in reality, it is just a long-term investment.
Identification of either
If for some reason the other party's future growth rate is low
Altruism should be unaffected since it has nothing to do with future growth, etc.
Long-term investments are affected
Related mentor's personality#60363486aff09e0000b3a450
Trust and Equity
long term
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