Results 11 to 20 of about 200,949 (284)
Delay discounting, probability discounting, and interdental cleaning frequency
Background Interdental cleaning is recommended by dentists but many people do not floss regularly. The health benefits of interdental cleaning are delayed, and sensitivity to delay is an important factor in many health behaviors.
Anthony DeFulio, Mark Rzeszutek
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Discounting the Discounted Projection Approach [PDF]
UK equity release actuaries are using a flawed approach to value the no-negative equity guarantees in their equity release mortgages. The approach they use, the Discounted Projection approach, incorrectly uses projected future house prices as the underlying prices in their put option pricing equations.
Dean Buckner, Kevin Dowd
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We investigate the practice of framing a price as a discount from an earlier price, with information such as “was $200, now $100.” We discuss two reasons why a discounted price—rather than a merely low price—can make a consumer more willing to purchase.
Armstrong, Mark, Chen, Yongmin
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Which rates should we use to discount costs and benefits of different natures at different time horizons? We answer this question by considering a representative agent consuming two goods whose availability evolves over time in a stochastic way. We extend the Ramsey rule by taking into account the degree of substitutability between the two goods and of
Gollier, Christian
core +9 more sources
Discounting Disentangled [PDF]
The economic values of investing in long-term public projects are highly sensitive to the social discount rate (SDR). We surveyed over 200 experts to disentangle disagreement on the risk-free SDR into its component parts, including pure time preference, the wealth effect, and return to capital.
Drupp, Moritz +3 more
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We document a pecking order of transaction costs in the interdealer market for German sovereign bonds, where three trading protocols coexist. Dealers can trade over the counter (OTC), either bilaterally or via brokers, as well as on an exchange. Trading on the exchange is more expensive than OTC, and broker-intermediated trades are more costly than ...
Calebe de Roure +3 more
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A fundamental financial principle regarding the time value of money is that one Euro received a year from now is worth less than one Euro received today. Therefore, in relation to any financial analysis, comparisons between monetary values should be made
Elena Valentina ȚILICĂ, Radu CIOBANU
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This paper studies the efficiency of the cryptocurrency market by looking at the distribution of bitcoin prices over time and across exchange-currency pairs. We document persistent differences in relative bitcoin prices (or discounts), with a half-life of 1 day, and a distribution which is leptokurtic, skewed to the right, with a standard deviation of ...
Nicola Borri, Kirill Shakhnov
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AbstractDiscount is the difference between the face value of a bond and its present value. We propose an arbitrage-free dynamic framework for discount models, which provides an alternative to the Heath–Jarrow–Morton framework for forward rates. We derive general consistency conditions for factor models, and discuss affine term structure models in ...
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Abstract This article analyses the use of loyalty inducing discounts in vertical supply chains. An upstream supplier and a competitive fringe sell differentiated products to a retailer who has private information about the stochastic demand.
Akgun, U, Chioveanu, I
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