Some people are more patient than the others; of course, this could be caused by different people have different personalities. However, when living in different environments and receiving different education, people's personalities are more likely to be different. I would like discuss what factors make individuals impatient.
Firstly, what kind of behaviour is considered as impatient behaviour? Impatient behaviour is those who have to be done as soon as possible. Then why do people want to take such impatient behvaiour? It is because these people have large discount rates, which means the value they gain from tomorrow is significantly lower than today's value. Therefore, it is clear that to find out what makes people impatient, we just need to find out what enlarges the discount rate.
It is much more straightforward that there is one main factor that influences the discount rate, which is risk. There are two sources of risk. One source of risk directly impacts on individuals themselves. For example, if one individual believes that he or she is highly likely to die tomorrow, then his or her discount rate is very close to negative 100% that he or she does not care about the possible utility he or she can gain tomorrow. The other source of risk impacts on the individuals' targets. For example, if there is a hyperinflation in the economy, people are more likely to spend all their money today rather than to spend in the future.
Therefore, when we see some people seem much more impatient than the people surrounding them, it possibly implies that these people have more sources of risk that directly impacts themselves.
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