Jamison, Dean T.; Jamison, Julian C. - 2010
This paper introduces the concept of categorizing the amount and speed of a discounting procedure in order to generate … well-characterized families of procedures for use in social project evaluation. Exponential discounting isolates the … discounting, with values between 0 (slow) and 2 (fast). Exponential discounting has a speed of 1. A commonly proposed approach to …