Tue Mar 1 PST (in about 1 month)
In your timezone (EST): Tue Mar 1 10:00am - Tue Mar 1 10:45am
Capitalisation leads to "fake news" (it hides too much). Simple and simplistic, discount rates are dangerous in everybody's hands. For long-term projects with specified intended outcomes, actuaries should stop using discount rates alone because cashflows are the key elements. If we can't do simple (discussed in presentation), can we really do complex?
Professor Michael Mainelli
Executive Chairman, Z/Yen Group