Polonius Point Definition

Question

Can someone tell me why we use <a polonius point> in economics. What does this Polonius point means and where it came from. Thanks

Answer 1

It relates to intertemporal choice decisions in risk/profit management (balancing point for decisions about whenever future saving/consumption or current consumption is better):

The Polonius point - &quot;Neither a borrower or lender be; For loan oft loses both itself and friend, and borrowing dulls the edge of husbandry.&quot; W. Shakespeare &quot;Hamlet&quot;, Act I Scene iii, Polonius giving advice to his son.