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Time preference
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=== Gender === Gender may also influence the rate of time preference. It has been shown that men generally exhibit a higher rate of discounting than women, choosing sooner rewards more often.<ref>{{Cite journal |last1=Dittrich |first1=Marcus |last2=Leipold |first2=Kristina |date=2014-03-01 |title=Gender differences in time preferences |url=https://www.sciencedirect.com/science/article/abs/pii/S0165176514000032 |journal=Economics Letters |volume=122 |issue=3 |pages=413β415 |doi=10.1016/j.econlet.2014.01.002 |issn=0165-1765|url-access=subscription }}</ref> It is theorized that it is due to womenβs ability to delay gratification, and this ability is also useful in real life scenarios.<ref>{{Cite journal |last=Silverman |first=Irwin W. |date=2003-11-01 |title=Gender Differences in Delay of Gratification: A Meta-Analysis |url=https://link.springer.com/article/10.1023/A:1025872421115 |journal=Sex Roles |language=en |volume=49 |issue=9 |pages=451β463 |doi=10.1023/A:1025872421115 |issn=1573-2762|url-access=subscription }}</ref> Such situations include motherhood and saving/investment. Women may be more suited towards long term orientation because they are tasked more with parenting. It has also been found that women save and invest more, which may mean they are more adapted to delayed gratification.
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