The US government is being sued by teenagers who say it hasn’t done enough to protect future generations from climate change. The case raises the crucial question of how we weigh up society’s future rights.
Articles on Future discounting
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Our natural difficulties in thinking about the future, low probabilities and considering risk make many of our views about nuclear power problematic.
French economist Thomas Piketty and his book Capital in the Twenty-First Century are a global publishing phenomenon. But while Piketty’s writing on wealth inequality has been widely debated, far fewer…
For most people, a chocolate today is better than one tomorrow. Economists refer to this as “future discounting”, where we prefer to have nice things now rather than wait and unpleasant things later rather…
