exponential discounting
noun phraseA model that reduces the present value of a future outcome by the same proportional factor for each equal unit of delay.
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fiscal year
nounA twelve-month period used for accounting or financial reporting.
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noun phraseA model of time preference in which the value assigned to a delayed outcome falls sharply at short delays and more gradually at longer delays.
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nounA long and often repetitive series of statements or complaints.
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