Discount Rate Quotes & Sayings

Groupon's model: Getting the group discount rate first, finding the group second. The daily deal goes out and, if a minimum number of people sign up, they can all share in the group rate. Vendor gets customers, customers get a discount, Groupon gets a cut. — Rachel Sklar

Call me an alarmist, but there are certain words I don't like to hear together: cheap fireplace, discount brakes, cut-rate surgery ... — Margo Kaufman

Suppose that we believe that in 200 years, people would be prepared to pay a million dollars (that's in today's dollars, not inflated ones) to be able to have an unspoilt valley. Now imagine that today we can profit by cutting down the forest in the valley, which will never regrow. If we apply an annual discount rate of 5 percent, compounded exponentially, how big would that profit have to be to justify the loss of a million dollars in 2210? The answer, surprisingly, is just sixty dollars! That's all that a million dollars in 200 years is worth, at that rate of discount. Obviously, then, if we use a 5 percent discount rate, values gained one thousand years in the future scarcely count at all. This is not because of any uncertainty about whether there will be human beings or other sentient creatures inhabiting this planet at that time, but merely because of the compounding effect of the rate of return on money invested now. — Peter Singer

It's incredible, really, the amount of pain cricketers are prepared to put themselves through. Say you're an opening batsman who gets out for a duck in the first over on day one. What compels you to hang around for the rest of the day, let alone turn up the following Saturday for day two? Yet you do, lest 10 blokes who you don't even like think slightly less of you. You retain a sense of loyalty to the club, to your teammates, even though those same teammates will not hesitate to rate your girlfriend a 'six out of 10' in front of your face. During the time I've spent watching my teammates bat after getting out cheaply, I could have learned a language by now. I could be speaking Mandarin. Instead, all I've got to show for it is a career average of 13.6 and a 10 percent discount at our local pub. — Sam Perry

Jonathan Green had a firm handshake, clear eyes, and a jawline not dissimilar to Dudley Do-Right's. He was in his early sixties, with graying hair, a beach-club tan, and a voice that was rich and comforting. A minister's voice. He wasn't a handsome man, but there was a sincerity in his eyes that put you at ease. Jonathan Green was reputed to be one of the top five criminal defense attorneys in America, with a success rate in high-profile criminal defense cases of one hundred percent. Like Elliot Truly, Jonathan Green was wearing an impeccably tailored blue Armani suit. So were the lesser attorneys. Maybe they got a bulk discount. I was wearing impeccably tailored black Gap jeans, a linen aloha shirt, and white Reebok sneakers. Green said, Did Elliot explain why we wanted to see you? — Robert Crais

Not surprisingly, the father if market efficiency, Gene Farma, has a very clever way to avoid the pitfalls of hyperbolic discounting. When he's invited to talk or engage in sone business activity, he has a . simple rule for deciding whether to accept: no matter how far in the future it's scheduled, he ask himself whether it's something he would want to do if the event were next week; if the answer is yes, he accepts, otherwise, he politely declines. This simple rule of thumb ensures that he uses the same discount rate across all decision horizons. — Andrew W. Lo

Fitz called after him, "We'll see how far you get without me. Enjoy it Aidan, your nosedive to the discount rack, playing second-rate concert halls, being yesterday's news. That's all this will get you
that and your Catswallow trailer park bride." An old temper surged through Aidan, moving angrily at him.
"Aidan, don't!" she shouted.
Grabbing a shoulder, Aidan spun him about, landing a solid punch to his jaw, knocking the record-producing mogul onto the pavement. "Get it straight," he said, jerking his lapel. "She's from New Jersey. — Laura Spinella

Increasingly, its discount rate was seen as the minimum short-term interest rate in the so-called money market (for short-term credit, mostly through the discounting of commercial bills). — Niall Ferguson

Substituting the discount rate for the ever increasing chance of death and a dollar for joy, joy today is worth more than joy tomorrow. — S.A. Tawks

No science and no analysis of the future consequences of various actions taken today can in itself tell us what to do. We need, in addition, to factor in what kind of future we value, and to what extent we care at all about the future compared to more immediate concerns here and now. The later aspect is usually modeled and economics by the so-called discount rate, which has played a prominent role in discussions of climate change on a decadal and centennial time scale, but hardly at all in the context of longer perspectives or the various radical technologies[.] We are less used to thinking about ethical issues on long time scales, so our intuitions trying to fail us and lead to paradoxes. These issues need to be resolved, because dodging the bullet would in my opinion be unacceptably irresponsible. — Olle Haggstrom

There are philosophical issues involved in that about choosing the right discount rate, the value, the future, and things like that which drive it. But its start with the premise that global warming is real and if you're a denier of that fact, then you're not going to find climate change mitigation policies to have particular appeal. — Brad Carson