What determines the ratio of long-term vs short-term investment?

• What determines the ratio of long-term vs short-term investment in an economy (surely this is known?)
• Long-term investment can be thought of as a cooperation of your Current Self with your Future Self. Entities with low-time preference/Long-term investment cooperate more intertemporally.
• Following up to the above: smart people have low-time preference and thtis effect is surprisingly large (think about Yudkowsky's $500 vs 15% chance for 1 million dollars having <p=0.005 significance correlation with 'cognitive reflection) . Smart people also cooperate much more, and this effect is also quite large (don't remember the exact details). -> Might these effects be related?
• - Smartness might allow for more approximate Lobian cooperation - intelligence might lower randomness in expected social interaction -> in repeated situations/ situations that might be exponentially important. -> I forgot the namebut there is this theory that a small increase in fidelity in multi-step production steps is the difference between able to make a functional aeroplane and not being able to do so and that this underlies much of the very large GDP differences we see. This seems sensible and similar
• Perhaps the same reasoning could be applied to low-time preference: we could see long-term investment as a many-step current self-future self cooperation. Increasing the fidelity/ cooperation probability at each step by a small amount may exponentially increase long-term investment/low-time preference.

Interesting but doesn't explain quite explain everything

What determines the ratio of K-selectors vs r-selectors?

• There might be a group-selection vs individual selection story going on: our intertemporal Selves are different but highly similar individuals.
• Highly similar individuals seem to be able to cooperate better. -> (approximate)Lobian cooperation?
• Alternatively, we could tell a evolutionary story: self-replicating processes are something like attractors in the space of all processes?  [see also Block Universe vs Evolution/ autopoiesis below]
• Risk- appetite might be a form of cooperation. Indeed 'Being able to choose a risky but high EV option over a sure pay-off' [Like 500vs 15% chance of 1 million] is like you cooperating with your Counterfactual Selves.
• How does this interface with Kelly Betting/Ole Peters stuff?  Interestingly Risk-appetite and low-time preference seem to both be cooperation, but the first is 'space-like' while the other is 'time-like'.
• How does this interface with Armstrong's Antropic Decision theory https://arxiv.org/abs/1110.6437 ? Armstrong emphasizes that the different answers in Sleeping-Beauty paradoxes arise from different cooperation/utility functions.
• Classically we would say utility functions are god-given, but following Ole Peters we would like to pick out canonical utility functions in some way.
• Here we get back again at group-selection vs individual selection. Here I am of course thinking of Okasha's Evolution and Levels of Selection https://www.amazon.com/Evolution-Levels-Selection-Samir-Okasha/dp/0199556717
• Aggregates that are more internally homogenous have higher 'meta-fitness': they are more able to compete  (Mein Kampf principle). See biological organism with good cancer suppression or indeed etnically and culturally homogenous societies militarily beating far larger empires - Turchin's Asabiyah [But! this might also be a purely statistical artifact: there probably are many more homogeneous societies than heterogeneous societies]
• So for a gene $G$ there might be a tradeoff on different levels: on the first level it may pay-off to act selfishly, on higher levels it will pay off to cooperate. [of course this exactly what Okasha investigates]
• How does idiosyncratic risk versus aggregrate risk play into this?