This site uses cookies to deliver our services and to ensure you get the best experience. By continuing to use this site, you consent to our use of cookies and acknowledge that you have read and understand our Privacy Policy, Cookie Policy, and Terms
Discounting the future means that the value, today, of a unit payoff is 1 if the payoff occurs today, a if it occurs tomorrow, a2 if it occurs the day after tomorrow,
Luca de Alfaro, Thomas A. Henzinger, Rupak Majumda...