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Hyperbolic discounting is mathematically described as. where g ( D) is the discount factor that multiplies the value of the reward, D is the delay in the reward, and k is a parameter governing the degree of discounting (for example, the interest rate ). This is compared with the formula for exponential discounting:
The police version of ten-codes is officially known as the APCO Project 14 Aural Brevity Code. [1] The codes, developed during 1937–1940 and expanded in 1974 by the Association of Public-Safety Communications Officials-International (APCO), allow brevity and standardization of message traffic.
A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country.
70/20/10 model (learning and development) The 70:20:10 model for learning and development (also written as 70-20-10 or 70/20/10) is a learning and development model that suggests a proportional breakdown of how people learn effectively. It is based on a survey conducted in 1996 asking nearly 200 executives to self-report how they believed they ...
While only about 20% of Texas counties are generally located within the Houston—Dallas—San Antonio—Austin areas, they serve a majority of the state's population with approximately 22,000,000 inhabitants. Texas was originally divided into municipalities (municipios in Spanish), a unit of local government under Spanish and Mexican rule.
The social discount rate is a reflection of a society's relative valuation on today's well-being versus well-being in the future. The appropriate selection of a social discount rate is crucial for cost–benefit analysis, and has important implications for resource allocations. There is wide diversity in social discount rates, with developed ...
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