THE WORDCRAFT DEFINITION DICTIONARY
exponential discounting
noun phrase
A 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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Examples in context
The graph for exponential discounting applies a constant proportional reduction over equal intervals.
In her class's exponential discounting model, the value assigned to a future reward fell by the same proportional factor for each additional equal interval of waiting.
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What a Later Reward Is WorthReading 1 / Open lessonAPPLY IT AND RETURN
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This entry is part of the vocabulary collection supplied by GlobalRPh. Definitions are concise study meanings. Examples combine original teaching sentences with selected passages adapted from the supplied study notes; their source is labeled beside each example. A word may have additional specialized or historical senses.
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Source study sections: 21.
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