Millionaire Mode

Time Preference and Intertemporal Choice

Question 1 of 14

What is time preference?

  1. The rate at which an individual prefers present consumption over future consumption.
  2. The rate at which an individual prefers future consumption over present consumption.
  3. The rate at which an individual's consumption preferences change over time.
  4. The rate at which an individual's income changes over time.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000