Kooiti MASUDA wrote:
> I think it is reasonable that future uncertain profit should be
> discounted. But I do not think it reasonable that future uncertain
> loss or cost should be discounted in the same way.
Well, a loss can often be viewed as a smaller gain. In fact, all the
future "losses" predicted to arise from global warming are actually just
reductions in the gains (certainly at a global level, and almost always
at the local level too) that we might otherwise hope for.
If a 100% gain and 90% gain are both discounted at the same rate, then
so inevitably is the 5% "loss" arising from following the 2nd path, as
compared to the first.
James
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
Global Change ("globalchange") newsgroup. Global Change is a public, moderated
venue for discussion of science, technology, economics and policy dimensions of
global environmental change.
Posts will be admitted to the list if and only if any moderator finds the
submission to be constructive and/or interesting, on topic, and not
gratuitously rude.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/globalchange
-~----------~----~----~----~------~----~------~--~---
