Re: poly: discount rate

Rich Schroeppel writes:
>So in William Tenn's story "The Seven Sexes of Venus", the discount
>rate should be 2.81 times as high as on Earth, thus attracting an
>enormous amount of investment?

The more you discount the future, the *less* you invest, all else equal.

Robin Hanson
hanson@econ.berkeley.edu http://hanson.berkeley.edu/
RWJF Health Policy Scholar, Sch. of Public Health 510-643-1884
140 Warren Hall, UC Berkeley, CA 94720-7360 FAX: 510-643-8614
Received on Thu Mar 5 20:09:18 1998