Can We Use Human Judgments to Determine the Discount Rate?
- 1 December 2000
- journal article
- Published by Wiley in Risk Analysis
- Vol. 20 (6) , 861-868
- https://doi.org/10.1111/0272-4332.206079
Abstract
It has been suggested that the long‐term discount rate for environmental goods should decrease at longer delays. One justification for this suggestion is that human judgments support it. This article presents an experiment showing that judgments concerning discount rates are internally inconsistent. These results point to potential problems with the use of judgments referenda for determining discount rates in cost‐benefit analyses.Keywords
This publication has 0 references indexed in Scilit: