john fernbach wrote:
> But the fact is that if we knew with almost 100% certainty that the
> Battle of Armageddon and the end of the world would occur 600 years
> from now * unless we took some moderately costly steps to prevent it
> today, it would be "economically rational" not to take the steps
> today. Because using the discounted present value method, the value
> of doing something to save the world 600 years from now is just about
> 0 today.
Actually, I don't think this is true, if one assumes a nonlinear utility
function (which is reasonable).
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
-~----------~----~----~----~------~----~------~--~---
