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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @arthur_affect @capoczino and

      Why is low time preference a slave mindset used by masters for exploitation? (Remark: That's not a rhetorical question, because perhaps I don't know the meaning of "time preference".)

      2 replies 0 retweets 0 likes
    2. Arthur Chu‏Verified account @arthur_affect Mar 23
      Replying to @Snark150 @capoczino and

      "Low time preference" is economist jargon for the attitude better known by laypeople as "Just hold on, the check's in the mail"

      2 replies 6 retweets 25 likes
    3. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @arthur_affect @capoczino and

      1/2 Thank you. That helped me to search more: "Generally, a high time preference is associated with a low will to renounce to the present gratification in order to obtain a benefit in the future. ...

      1 reply 0 retweets 0 likes
    4. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      2/2 ... On the contrary, consumers with low time preference are more willing to undertake short-term costs to get future improvements." (Source: http://centmapress.ilb.uni-bonn.de/ojs/index.php/proceedings/article/view/1323 …)

      1 reply 0 retweets 0 likes
    5. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      So, as a layperson, I would associate (non-judgmentally) "impatience" with high time preference and "patience" with low time preference.

      2 replies 0 retweets 2 likes
    6. Sesquicentennial Snark‏ @Snark150 Mar 23
      Replying to @Snark150 @arthur_affect and

      I have a "time preference" with time as an adjustable parameter which is determined e.g. by the response times of the processes which I am dealing with. There are processes which don't have the consciousness required to exploit and/or enslave anybody.

      2 replies 0 retweets 1 like
    7. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @Snark150 @capoczino and

      The point is that people who exhort you to "lower your time preference" are usually making a statement about predicting the future they have no right to make

      3 replies 1 retweet 15 likes
    8. Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @arthur_affect @Snark150 and

      You're right that I'm not just bloodlessly describing the objective definition of the term "time preference" as used by economists, I'm addressing the culty way it's exploded 20,000x in daily usage by members of the Bitcoin cult

      3 replies 1 retweet 17 likes
    9. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 24
      Replying to @arthur_affect @Snark150 and

      You cannot drag a definition of an economic behaviour through the mud by calling it "white-supremacist" or master/slave mindset. That's absolutely bs you are fabricating. Economic behaviour is navigating an uncertain environment. Low time preference can give you an advantage here

      2 replies 0 retweets 1 like
    10. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 24
      Replying to @capoczino @arthur_affect and

      But in your little world, a fisher on an island is suddenly a slave master because instead of deciding to catch 2 fish a day by hand. He decided that one day, instead of eating 1, he builds a net. So he can fish 4 a day, cutting his work in half.

      1 reply 0 retweets 0 likes
      Arthur Chu‏Verified account @arthur_affect Mar 24
      Replying to @capoczino @Snark150 and

      No, I'm saying the person making big promises about how if you give him some of your fish he'll help you build a better fishing net later is probably lying to you The person telling you "lower your time preference" is exploiting you

      12:44 AM - 24 Mar 2021
      • 1 Retweet
      • 18 Likes
      • a zombie for all seasons Bingo Bango Elliot Reed Windy strings and sealing wax thebestrevenge MacCrocodile Hoydenne Cyn
      3 replies 1 retweet 18 likes
        1. AcidLord‏ @soulexporter Mar 24
          Replying to @arthur_affect @capoczino and

          🤣 yes because telling someone that it is better to not buy on credit is evil. 👌

          0 replies 0 retweets 0 likes
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        2. Czino.prototype //  🟧 ⬛️  👫 🌱 🛠 🏚‏ @capoczino Mar 24
          Replying to @arthur_affect @Snark150 and

          That's an issue of trust, not of low time preference. If a person is lying to you for their own benefit, anything he or she uses is considered bad. Truth is, it's neither good nor bad

          2 replies 0 retweets 1 like
        3. Räv‏ @Eristae Mar 24
          Replying to @capoczino @arthur_affect and

          LOL. Yes, it is an issue of trust. And with someone who is not trustworthy, "I'm not going to give you the thing I'm promising you right now, I'll give it to you later, you should be fine with that," is actually much worse.

          1 reply 0 retweets 5 likes
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