A Person with a High Positive Rate of Time Preference

question 15

True/False

A person with a high positive rate of time preference greatly prefers current consumption over future consumption.

---

Definitions:

Sample Space

The set of all possible outcomes of a statistical experiment or random trial.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to Acquired Immunodeficiency Syndrome (AIDS) if not treated.

Density Curve

A smooth curve used in statistics to describe the distribution of data where the area under the curve corresponds to the probability of occurrences within a range.

Continuous Random Variables

Variables that can assume an infinite number of values within a given range.