Our inability to judge time frames

Jon Lukomnik

Journal of Risk Management in Financial Institutions, 2012, vol. 5, issue 2, 143-145

Abstract: Properly assessing time is fundamental to risk governance and risk management. However, two recent studies reveal systemic weaknesses in how accurately future events are discounted. The first reveals that distant cash flows are over discounted and the second suggests that self-defined time horizons are ineffective and ignored.

Keywords: time; time horizon; short-termism; discount rates (search for similar items in EconPapers)
JEL-codes: E5 G2 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aza:rmfi00:y:2012:v:5:i:2:p:143-145

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