Tag Results for time preference (2)

  1. Should We Discount Discounting in Climate Policy?

    Discounting of future costs and benefits is used ubiquitously in evaluation of both private investments and public projects. Though highly technical in practice, the technique would seem (at least a first glance) to be based in a simple, commonplace, and almost undeniable empirical observation. Given a choice between being handed a hundred dollars today and hundred dollars a year or two from now, wouldn't you rather just take the hundred right now? After all, even if you don't have any immediate use for the money, you can always invest it, so that after a year to two it will be …

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  2. Should We Discount Discounting in Climate Policy?

    Discounting of future costs and benefits is used ubiquitously in evaluation of both private investments and public projects. Though highly technical in practice, the technique would seem (at least a first glance) to be based in a simple, commonplace, and almost undeniable empirical observation. Given a choice between being handed a hundred dollars today and hundred dollars a year or two from now, wouldnâ''t you rather just take the hundred right now? After all, even if you donâ''t have any immediate use for the money, you can always invest it, so that after a year to two it will be …

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