Quotes About Discounting

quasi-hyperbolic discounting.

The technical term for discounting of this general form that starts out high and then declines is quasi-hyperbolic discounting. If you don't know what "hyperbolic" means, that shows good judgement on your part in what words to incorporate in your vocabulary.

Other work has shown that when people are hungry, they become less generous with money and show more future discounting (i.e., are more likely to want reward X now, rather than wait for reward 2X).

When we make in-the-moment decisions (and don't ponder the past or future), we are more likely to be irrational and impulsive.* This tendency we all have to favor our present-self at the expense of our future-self is called temporal discounting.

The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity.

But this is really the essence of discounting: by cutting your price, you can boost your sales to a point where you earn far more at the cheaper retail price than you would have by selling the item at the higher price. In retailer language, you can lower your markup but earn more because of the increased volume.

until 1962, the year which turned out to be the big one for discounting. In that year, four companies that I know of started discount chains. S. S. Kresge, a big, 800-store variety chain, opened a discount store in Garden City, Michigan, and called it Kmart. F. W. Woolworth, the granddaddy of them all, started its Woolco chain. Dayton-Hudson out of Minneapolis opened its first Target store. And some independent down in Rogers, Arkansas, opened something called a Wal-Mart.

Andrew Young, a former U.S. Congressman and U.N. ambassador turned Wal-Mart spokesman, seemed to offer an explanation: "Poverty in America," he said, "is market potential unrealized." It seems that the poor benefit the discounting industry far more than the discounting industry benefits the poor.

A dollar tomorrow really is worth less than a dollar today (even if we assume there is no inflation), and interest is the price we put on the difference.

Arthur's program of discounting diamonds throughout his vast chain of

discounting' is when you discount something too much, just because it's some time in the future.

The stock market is a discounter of all known information.

Of course, the discounting of future earnings should hurt all stocks. But it should hurt technology stocks more than others, because so many of them are valued at extremely high levels relative to their current earnings.

IT IS A WELL-ESTABLISHED Achilles' heel of human civilization that individuals are more motivated by immediate private reward than by long-term, collective future benefits. This effect is particularly evident when considering payoffs that will take longer than a generation to arrive—a phenomenon called intergenerational discounting

There were more than a few scientists who knew one little thing, and then thought that knowledge was universally applicable to every other problem, to the point of excluding or discounting information from people whose specialty was that other problem. Excerpt From The Consuming Fire John Scalzi This material may be protected by copyright.

The trouble with discounting is that it tells the whole world you have problems, and builds expectations of more discounts for those who wait.