Concept information
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medicine
clinical medicine
medical decision making
impact or weight or utility of the possible outcomes
Preferred term
discounting
Definition
- Discounting is a method used to adjust the monetary values of economic goods from different time periods to a standard basis for comparison. It involves converting the value of cash flows occurring at different time periods to a base year value, generally the year in which the analysis is being conducted (i.e., present value). [Source: Green Business: An A-to-Z Guide; Discounting]
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/discounting
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