Normally yes and it depends from person to person. When dealing with your manager you should negotiate considering the future unpredictability
and importance of holiday this year(analogous to inflation).
For you, the number of holidays next year can be 5,6,7,8,9 or even 4 depending upon your calculation of unpredictability and importance of holiday this year.
I have not explained the discount rate in its true form as I think the Pat Dorsey has explained it better later in this book.
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