Given two goods separated by a fixed time but both in the future, relative preference between those goods is unaffected by how far in the future they may be. This is the stationarity axiom of standard economic theory.

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The stationarity axiom asserts that if there are two goods that occur in the future, the relative preference between them will not be affected by the length of time between their occurrence. This axiom is a fundamental assumption of standard economic models of intertemporal choice.

Given Two Goods Separated by a Fixed Time but Both