, we ask what is, empirically, the best discounting method. To do this, we study listed firms, whose actual prices and … expected cash flows can be observed. We compare different discounting approaches on their ability to predict actual market … prices. We find that discounting based on expected returns (such as variants on the CAPM or multi-factor model), performs …

experimentally the effects of discounting differentials in infinitely repeated coordination games. In our data, differential discount …. Introducing even small discounting differentials reduces coordination failures significantly. Second, with pronounced discounting …