The concept of a ‘discount rate’ helps to explain why humans prioritize what feels good or easy now even when it leads to worse outcomes over time.
Articles on discount rate
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Despite a huge fall in interest rates, the federal government has been using the same rate to value prospective infrastructure projects since 1989.
My buddy is training for his third Chicago Marathon. I’m preparing for a 10K mud-run. He’s really fit and a family nurse practitioner, so I seek his advice on how to get in shape and what to eat. His advice…
French economist Thomas Piketty and his book Capital in the Twenty-First Century are a global publishing phenomenon. But while Piketty’s writing on wealth inequality has been widely debated, far fewer…
