Social discount rate (SDR) is a measure used to help guide choices about the value of diverting funds to social projects. It is defined as "the appropriate value of r to use in computing present discount value for social investments." Determining this rate is not always easy and can be the subject of discrepancies in the true net benefit to certain projects, plans and policies.
Read more about Social Discount Rate: Use in Cost Benefit Analysis, Calculation, Differences Between Private and Social, Importance in Global Climate Changes, See Also
Famous quotes containing the words social, discount and/or rate:
“And our sov’reign sole Creator
Lives eternal in the sky,
While we mortals yield to nature,
Bloom awhile, then fade and die.”
—Unknown. “Hail ye sighing sons of sorrow,” l. 13-16, Social and Campmeeting Songs (1828)
“Don’t discount our powers;
We have made a pass
At the infinite,”
—Robert Frost (1874–1963)
“I don’t know but a book in a man’s brain is better off than a book bound in calf—at any rate it is safer from criticism. And taking a book off the brain, is akin to the ticklish & dangerous business of taking an old painting off a panel—you have to scrape off the whole brain in order to get at it with due safety—& even then, the painting may not be worth the trouble.”
—Herman Melville (1819–1891)