RL: Intuition behind the discount factor (p.681)

[dmrglu]

Hi Sebastian,

I just wanted to point out a minor correction that could be made in the 681st page of your book under the dollars picture.

"Therefore, we say that if this bill is worth $100 right now, then it would be worth $90 in a year with a discount factor 𝛾."

As a discount factor is used to discount a future value to its today value I think it should be as follows:

"Therefore, we say that if this bill is worth $100 in a year later, then it would be worth $90 right now with a discount factor 𝛾."

best,