Thread: advice on course selection for graduate work in economics
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Old 10-08-2006, 10:50 PM   #27 (permalink)
asquare
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No, the interest rate is the cost of borrowing. The discount rate measures impatience. They are definitely not the same thing The case where b=1/(1+r) is just a special case. Some people use the term "subjective discount factor" -- does that ring a bell?
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