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Theorizing about patience formation – the necessity of conceptual distinctions

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  • Skog, Ole-Jørgen

Abstract

The concept of patience describes a person's ability to make prolonged efforts towards future goals, and his or her ability to consider long-term future consequences. Clearly, patience is a capacity that comes by degrees. On the following pages, a person will be said to be patient to the extent that his actions are motivated by future consequences. Hence, a person is not patient if he has the ability to see long-term consequences, while being unable to take these consequences into consideration when he decides how to act.

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  • Skog, Ole-Jørgen, 2001. "Theorizing about patience formation – the necessity of conceptual distinctions," Economics and Philosophy, Cambridge University Press, vol. 17(2), pages 207-219, October.
    • Handle: RePEc:cup:ecnphi:v:17:y:2001:i:02:p:207-219_00
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    Cited by:

    1. Lampi, Elina & Nordblom, Katarina, 2009. "Gender and birth-order differences in time and risk preferences and decisions," Working Papers in Economics 388, University of Gothenburg, Department of Economics, revised 30 Jun 2011.
    2. Richard C. Barnett & Joydeep Bhattacharya & Mikko Puhakka, 2013. "Patience Cycles," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 169(2), pages 339-354, June.
    3. Ole Rogeberg, 2003. "Preferences, Rationality and Welfare in Becker's Extended Utility Approach," Rationality and Society, , vol. 15(3), pages 283-323, August.

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