"Namely,the Golden Gate Bridge." "And I used to watch the ships go out over the horizon.

VOA: standard.2010.06.21

The budget constraint is going to have a different slope to it and preferences will be different over this horizon between consumption then and consumption now.

预算约束线的斜率会有所不同,人们对即时消费和延期消费的偏好,也会有所不同

耶鲁公开课 - 金融市场课程节选