One thought leads to the next: I was writing about the cost and value of resources in board-games, which led to feed-back loops in board-games. One idea that popped up there was that there is a “time-value” to getting resources. In this post I want to explore that idea further.
What is time-value?
Either I give you 10 Euro right now, or I’ll give you 10 Euro in a year. Which do you prefer?
Under normal circumstances you would prefer the money right now. Because maybe I’ll forget in a year or have gone completely bankrupt by then. And spending money now is way more fun than knowing that you can spend it later.
Thus, people generally have a preference for getting things sooner rather than later. With a technical term this is called the “time-value” of something (or even more technical, the “time-discount”).
Time in board-games
Time in board-games works somewhat differently than in real life: In a game of Chess it’s not uncommon to think for many minutes of real-time, in which nothing happens within the game. Then in a second you move your rook and the board has suddenly changed.