PART I: THE SIMPLE ECONOMICS OF DISCOUNTING
1 Three Ways to Determine the Discount Rate
3 Extending the Ramsey Rule to an Uncertain Economic Growth
PART II: THE TERM STRUCTURE OF DISCOUNT RATES
4 Random Walk and Mean-Reversion
5 Markov Switches and Extreme Events
6 Parametric Uncertainty and Fat Tails
8 A Theory of the Decreasing Term Structure of Discount Rates
10 Discounting Non-monetary Benefits
11 Alternative Decision Criteria
PART IV: EVALUATION OF RISKY AND UNCERTAIN PROJECTS
12 Evaluation of Risky Projects
13 The Option Value of Uncertain Projects
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