On Time Preference

In the present text, the author is animated by the desire to put the focus on time preference theory. Time preference theory has been often associated to Praxeology, the science of human action. The author will show to the readers how time preference theory does not hold water. Also, time preference theory is in contradiction to praxeology. The author will arrive at the conclusion that the more the individual is successful, the more he/she is distinguished by high time preference.