Present value approach from an attorney's perspective
For a great presentation on the calculation of economic damages and using present value techniques, go to braininjurylawblog.com.
The seminar which was titled, Discounting to Present Value: Does Their Have to be a Reduction?, was presented at the 2005 ATLA annual meeting. On the braininjurylawblog.com there is both a pdf of the slides and a podcast of the presentation. (http://www.braininjurylawblog.com/podcasts-255-discounting-to-present-value-does-their-have-to-be-a-reduction.html)
The attorney strongly challenges economists who do NOT use the total offset method. It was quite thought provoking.
The attorney, Bruce Stern of Stark & Stark ( http://www.braininjurylawblog.com/), argues that economist should NOT use a net positive discount factor because among other things future inflation can not be reliably forecasted.
The seminar which was titled, Discounting to Present Value: Does Their Have to be a Reduction?, was presented at the 2005 ATLA annual meeting. On the braininjurylawblog.com there is both a pdf of the slides and a podcast of the presentation. (http://www.braininjurylawblog.com/podcasts-255-discounting-to-present-value-does-their-have-to-be-a-reduction.html)
The attorney strongly challenges economists who do NOT use the total offset method. It was quite thought provoking.
The attorney, Bruce Stern of Stark & Stark ( http://www.braininjurylawblog.com/), argues that economist should NOT use a net positive discount factor because among other things future inflation can not be reliably forecasted.
posted by The Experts @ 6:40 PM
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