Concept information
Preferred term
discounting the future
Definition
- Discounting the future occurs when an immediate benefit is systemically valued more highly than a delayed benefit. As with other discounted cash flow projections, the variables are the size of the estimated cash flow, the number of discounted periods in the future, and a relevant discount or interest rate. [Source: Encyclopedia of Business Ethics and Society; Discounting the Future]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/discounting_the_future
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