References in classic literature ?
With his position in the City, he had only to go to the famous money-lending and discounting house of Bulpit Brothers--reported to "turn over" millions in their business every year--and to supply himself at once with the necessary funds.
And so, once more, John fell to work discounting the delightful future: his first appearance in the family pew; his first visit to his uncle Greig, who thought himself so great a financier, and on whose purblind Edinburgh eyes John was to let in the dazzling daylight of the West; and the details in general of that unrivalled transformation scene, in which he was to display to all Edinburgh a portly and successful gentleman in the shoes of the derided fugitive.
There the young gentleman improved his mind, which was of a lean and anxious character, and developing the family gifts, gradually elevated himself into the discounting profession.
Well,' said Lord Frederick, sipping his first glass of port, 'if this is a discounting dinner, all I have to say is, deyvle take me, if it wouldn't be a good pla-an to get discount every day.
His business was that of discounting commercial paper in the quartier Saint-Martin, where he was known by the nickname of "Gigonnet," from the nervous convulsive movement with which he lifted his legs in walking, like a cat.
These results suggest that the observed discountings were steeper than objectively optimal to maximize purchasing power.
Again, these results suggest that the observed discountings were steeper than objectively optimal to maximize purchasing power.
Previous studies of delay discounting (Loewenstein & Prelec, 1992; Mazur, 1987; Rachlin, Raineri, & Cross, 1991) have shown that the preference between delayed and immediate rewards is well described either by the following hyperbolic function:
The exponential model applies to the discounting of delayed rewards such as those provided by bank accounts.
Two seemingly more influential economic factors affecting delay discounting are the inflation rate and the nominal interest rate.
Ostaszewski, Green, and Myerson (1998) showed that the subjective discounting rate for Polish zloty was much higher than that for the U.
The nominal interest rate determines the objective discounting of delayed reward if the real interest rate is greater than zero.