Term

discounting

Here: price movement in advance, in anticipation of an event. Selden's name for the market taking in news before it is officially announced.

The Psychology of the Stock Market, J. C. Selden

Explained in

• The Psychology of the Stock Market, J. C. Selden
• The Biology of Desire: Why Addiction Is Not a Disease, Marc Lewis

  Delay discounting: the further away a reward is in time, the less it is worth to us. A concept from psychology and economics.

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