Re: Re: Re: Re: Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]

2001-03-02 Thread Jim Devine
Barkley writes: > The new wave coming out of these discussions >has been hyperbolic discounting where a high discount >rate is used to discount the near term future, but a lower >and lower rate approaching zero is used to discount the >far distant future. In practice, of course, long-term in

Re: Re: Re: Re: Re: Re: Re: Re: Re: [Fwd: Re: query: Frank Ramsey]

2001-03-02 Thread J. Barkley Rosser, Jr.
: Re: Re: Re: [Fwd: Re: query: Frank Ramsey] >Barkley writes: >> The new wave coming out of these discussions >>has been hyperbolic discounting where a high discount >>rate is used to discount the near term future, but a lower >>and lower rate approaching zero is us