Invoice

You're discounting by a smaller number.

I am discounting the reports of UFOs.

Please tell us the process to invoice hospitals.

I've got every receipt, invoice, check, bank statement.

This is a friendly reminder about an overdue invoice.

I'm not discounting twentysomething exploration here, but I am discounting exploration that's not supposed to count, which, by the way, is not exploration.

Our records show that the invoice No.1111 is still outstanding.

But when did a bee actually ever give you an invoice?

And you are essentially discounting them back to get today's present value.

(Video) SP ... Prospect theory, hyperbolic discounting, status quo bias, base rate bias.

So it will benefit, because you are discounting some of the cash payments.

We have asked you repeatedly to settle your outstanding account for the invoice No.1111.

This is the second mail we send you referring to the invoice No.1111 which has not been settled.

With reference to the invoice No.56789 which was due last month, we have not yet received your remittance.

Here we're discounting the money 'cause we're backwards in time we're going from a year out to the present.

And if you watched the first present value video, I think you understand why compounding going forward is the same thing as discounting that rate by going backwards.

So 1 over N plus 1 would be ½ and then the reward in this state was zero plus, we had a Gamma and let's just say that Gamma is 1, so there's no discounting and then we look at the difference between the utility of the resulting state which is 1 minus the utility of this state, which was zero.