Discount rate

Now what can we do ?

The probability of reaching S prime given that we started state S and apply action A.

60 off.

Well, I don't give group rates, you know.

And it just depended on how the mathematics work out.

These are 30 percent off.

when the sale has a certain percentage ?

We could have also done it other way.

Free coupons. Discount Discount coupons.

Another way to kind of just talk about this is to get the present value of 110 a year from now, we discount the value by a discount rate.

Let's say in every year it's going to make 1.

We could have said Let y equal the discount

5 minus this 2.

Thirty percent off for USC alumni.

So we seek to find the policy that maximizes the expression over here.

What is it about Superman?

Perhaps only at a discount.

Do you have a student fare?

Well, that was x.

And this one that was in Kenya, they went around and distributed to people vouchers, discount vouchers.

Then to discount money in the future to the present, we divide it by 1 plus the discount rate so this is a 5 discount rate.

We give a 10 discount for cash.

You'd better take his words with a grain of salt.

Are there special evening rates?

If I could get it for 90, that's a good deal for me.

So x minus twenty five percent x is equal to the sale price.

You should discount his story.

We saw that choice number one was the best.

I get a discount and there's a whole section of books in my area.

I thought we had discussed a cash discount.

Are there any discount tickets for me?

But what if I wanted to generalize a little bit ?

Be silent. Keep your forked tongue behind your teeth.

Special rates for state and federal employees.

We have agreed on the rate of discount.

You had your hat pulled down real strategically

This is the difference between the two.

I have some coupons I got last week.

So 2009 money, that's worth 1.

Let x be the price of the product I want to buy, the nondiscount price of the product in the store.

I'll say p, just so it makes sense, p is equal to the percentage off.

In this example that I did in the previous video, it was the pre tax return on asset.

It easy to show that this expression over here will always be smaller or equal to 1 over 1 minus gamma times the absolute reward maximizing value and which in this case would be plus 100.

So this is 8t squared plus I'm just dividing both sides of this equation by 2.