Many towns on frontiers of America, made settlers plant apple trees as part of getting land. Idea was that payoff of trees was 10+ years so
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"buxton index"! can we brainstorm synonyms for this? i'll start: time horizon time preference [inverted] discount function ...?
or is there some subtlety i'm missing such that "buxton index" really is the most precise/useful term here?
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I think it is most precise term. But I actually agree that it's lack of mainstream usage makes it less useful because of obscurity.
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Agree need to find better simple term for it. Would love thoughts on best one
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