NERA Managing Director Dr. Jeff D. Makholm and Senior Consultant Dr. Laura T.W. Olive participated in a session titled “Discounted Cash Flow Method of Valuing Damages in International Arbitration” at an event hosted by the Harvard International Arbitration Law Students Association (HIALSA) at Harvard University. Dr. Makholm and Dr. Olive discussed deriving value, which is considered the ultimate underlying attraction of the discounted cash flow (DCF) model. The DCF model links together finances and economic theory in an uncertain world, without presuming that investors in the market know more than they can reasonably know about future business results.