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Luke_A_Somers comments on What are the most common and important trade-offs that decision makers face? - Less Wrong Discussion

10 Post author: Andy_McKenzie 03 November 2014 05:03AM

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Comment author: Luke_A_Somers 04 November 2014 06:53:36PM 1 point [-]

Those two really need a better name. Profit-Taking vs Investment?

Comment author: Lumifer 04 November 2014 07:04:16PM *  1 point [-]

One marshmallow vs. Two marshmallows :-)

Economists would call it consumption vs. investment.

The trade-off is basically about delayed gratification.

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