Geology Reference
In-Depth Information
or because of a set catastrophes or tragedies. But future new applications
of present resources and depletion consequences on the web of life are unfor-
tunately ignored. Implicitly a discount rate expresses a time preference i.e.
everything for today, nothing for tomorrow. This is a logical way of thinking
for the owner of an asset who would prefer to receive an income now rather than
into the future (as opposed to future generations who would prefer resources
to be conserved). Higher discount rates imply quicker returns. And thus more
than anything its value reflects the owner's attitude to risk. In general, it is
lower in individuals and businesses than in society.
Search WWH ::
Custom Search