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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. 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.
    2. 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.
    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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