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The future is the time after the past and present. Its arrival is considered inevitable due to the existence of time and the laws of physics.
The following definition from Björk [24] describes a futures contract with delivery of item J at time T: There exists in the market a quoted price F(t,T) , which is known as the futures price at time t for delivery of J at time T.
Futures studies, futures research or futurology is the systematic, interdisciplinary and holistic study of social and technological advancement, and other environmental trends, often for the purpose of exploring how people will live and work in the future.
Futures studies (also called futurology) – study of postulating possible, probable, and preferable futures and the worldviews and myths that underlie them. There is a debate as to whether this discipline is an art or science.
While different in definition, all of these constructs are thought to tap into and impact how people think and plan for the future. Despite the many different ways that future orientation is investigated and measured, there is evidence that a hopeful and purposeful sense of the future is associated with positive outcomes. [4] [5] [6]
Futures can easily be implemented in channels: a future is a one-element channel, and a promise is a process that sends to the channel, fulfilling the future. [ 104 ] [ 105 ] This allows futures to be implemented in concurrent programming languages with support for channels, such as CSP and Go .
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange. [1] Futures contracts are derivatives contracts to buy or sell specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future.
Future-proofing (also futureproofing) is the process of anticipating the future and developing methods of minimizing the effects of shocks and stresses of future events. [1] Future-proofing is used in industries such as electronics, medical industry, industrial design, and more recently, in design for climate change.