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Here, consumption is predetermined but not strictly exogenous. An unpredictable negative income shock will be uncorrelated with past (and potentially current) consumption, but will surely be correlated with future consumption—the individual will be forced to adjust their future consumption to accommodate their poorer state, inducing correlation.
Predeterminism is the philosophy that all events of history, past, present and future, have been already decided or are already known (by God, fate, or some other force), including human actions.
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Predestination, in theology, is the doctrine that all events have been willed by God, usually with reference to the eventual fate of the individual soul. [1] Explanations of predestination often seek to address the paradox of free will, whereby God's omniscience seems incompatible with human free will.
In computer science, a deterministic algorithm is an algorithm that, given a particular input, will always produce the same output, with the underlying machine always passing through the same sequence of states.
Destiny, sometimes also called fate (from Latin fatum 'decree, prediction, destiny, fate'), is a predetermined course of events. [ 1 ] [ 2 ] It may be conceived as a predetermined future, whether in general or of an individual.
[63] [65] The predetermined fate of all sentient beings and the impossibility to achieve liberation (mokṣa) from the eternal cycle of birth, death, and rebirth (saṃsāra) was the major distinctive philosophical and metaphysical doctrine of this heterodox school of Indian philosophy, [63] [64] [65] annoverated among the other Śramaṇa ...
The predetermined price of the contract is known as the forward price or delivery price. The specified time in the future when delivery and payment occur is known as the delivery date. Because it derives its value from the value of the underlying asset, a futures contract is a derivative.